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What is the difference between wants and needs? In economics, needs are things that are essential for human survival, while wants are things that individuals may desire. Part of the "Economics Course for Kids" series.
Runtime: 1 minutes 18 seconds
Economics Course for Kids: What Is Economics?
Economics Course for Kids: Micro v. Macro
Economics Course for Kids: Types of Economies
Economics Course for Kids: 4 Economic Sectors
Economics Course for Kids: Goods and Services
Economics Course for Kids: Needs and Wants
Economics Course for Kids: Consumers and Producers
Economics Course for Kids: Supply and Demand
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Administered by the National Association of the Deaf