Some examples of needs include

Needs are things we need for survival, these are basic requirements of life.

Wants are things we would like to have without them we will not survive.

Group the following in the correct category.

Define the term Resources

What are the three types of Resources

Identify which resource this is.

Identify which resource this is.

Identify which resource this is.

What are the two types of Natural resources?

Define the term Renewable Resource

Which of the following picture shows physical Labour?

Which of the following picture shows man-made resources?

How many factors of production are there?

What are the factors of production

Which resources can be linked to the factors of production

What are the rewards for the factors of production?

Khalaf mother gave him MVR200/- and asked him to go to shop to buy ingredients for lunch. Khalaf went shopping at Kanmathy fihaara. He bought rihaakuru, rice and tuna which was for MVR170/- .  One the way out he saw a teddy bear which his sister always wanted to have. He went to the counter and asked for the price but she stated that it was for MVR150/-. He left the teddy bear at the counter and paid for the items his mother requested.

What are Khalaf choices and what is his opportunity cost?

Which of the following pictures illustrate a service?

The following picture shows a free good

The following shows and economic good

Who are stakeholders?

Sort the following into internal and external stakeholders.

What is the main difference between wants and needs?

Which of the following is a need?

What is the main difference between a want and a need?

What is the primary difference between wants and needs in terms of urgency?