Wants and Resources

Grade levels:

CONTENT STATEMENT

Wants are unlimited and resources are limited. Individuals make choices because they cannot have everything they want.

CONTENT ELABORATION

Wants are unlimited and resources are limited (scarce), thereby forcing individuals to make choices. For example, an individual can buy a new bicycle or a new computer game but does not have money for both.

EXPECTATIONS FOR LEARNING

Explain the relationship between wants and resources.

Explain how and why people must make economic choices.

POTENTIAL CAREERS

43-1011.00First-Line Supervisors of Office and Administrative Support Workers  Bright Outlook  
43-4151.00Order Clerks
41-2031.00Retail Salespersons 
49-9021.00Heating, Air Conditioning, and Refrigeration Mechanics and Installers 
51-4199.00Metal Workers and Plastic Workers, All Other
51-9199.00Production Workers, All Other
39-3031.00Ushers, Lobby Attendants, and Ticket Takers
43-5031.00Public Safety Telecommunicators
19-4092.00Forensic Science Technicians 
43-3031.00Bookkeeping, Accounting, and Auditing Clerks 
45-2091.00Agricultural Equipment Operators 
55-1014.00Artillery and Missile Officers
49-9071.00Maintenance and Repair Workers, General 
49-3093.00Tire Repairers and Changers
13-1199.06Online Merchants 
51-2061.00Timing Device Assemblers and Adjusters
39-3091.00Amusement and Recreation Attendants 
13-2071.00Credit Counselors
15-2099.00Mathematical Science Occupations, All Other 
17-2199.03Energy Engineers, Except Wind and Solar

Companies addressing the standard: