The difference between needs and wants and why choices need to be made about how limited resources are used
Elaborations
debating whether one personâs need is another personâs need or want (Skills: Literacy, Critical and Creative Thinking, Personal and Social Capability, Ethical Understanding)
explaining the concept of scarcity (that is, needs and unlimited wants compared to limited resources) and why individuals cannot have all the items they want and therefore must make a choice (Skills: Literacy, Critical and Creative Thinking, Ethical Understanding)
explaining reasons for differences in needs and wants for different groups (Skills: Literacy, Critical and Creative Thinking, Personal and Social Capability, Ethical Understanding)