Wants & Needs
KindergartenSome things you must have to live and grow. Other things are just nice to have. Learning to tell them apart is the very first idea in all of economics!
At a glanceNeeds and wants
A need is something you must have to stay alive and healthy. There are only a few:
- Food and water — to keep your body going.
- A home — somewhere warm and safe to sleep.
- Clothes — to keep you warm and dry.
- Being cared for — by grown-ups who love and look after you.
A want is something that would be fun or nice to have, but you can still live a happy, healthy life without it — like a toy robot, candy, or a new video game. Wants are wonderful — but they can wait.
Needs
- Required to live and stay healthy
- Food, water, shelter, clothing, care
- Come first when money is short
- Only a few of them
Wants
- Nice to have, but not essential
- Toys, treats, games, trips
- Can wait until needs are met
- Almost unlimited
Why we can't have every want
Grown-ups only have a little bit of money. They use it first for needs — food, a home, clothes — and if there is any left over, they can spend it on wants, like a fun toy. This is why you can't have every toy you see in a shop: there just isn't enough money for needs and every single want.
Try it: sort your own room
Q1Is ice cream a need or a want?
A want! It's yummy and fun, but you can grow up healthy and strong without it. Food in general is a need — but a specific treat like ice cream is a want.
Q2Can a want ever become a need?
Sometimes! A phone might be a want for playing games, but for a grown-up who needs it to call for help or do their job, it can become closer to a need. It depends on how it's used.
Q3Why can't we just buy every want?
Because money is limited — nobody has an endless amount. Needs come first, and wants come after, if there's enough left over. That's why we choose carefully!
How the ideas connect
Every key idea in this chapter, branching from the core concept — use it to see the whole picture at a glance.
The key facts, visualised
Worked problems, step by step
Follow each solution line by line, then try to reproduce it on paper before moving on.
Example 1Is drinking water a need or a want?
- Ask: can you stay alive and healthy without it?
- Without water your body cannot work, so you must have it.
- That makes it a need.
Example 2Is a video game a need or a want?
- Ask: do you need it to live and stay healthy?
- You can be safe and well with no video game.
- It is only nice to have.
Now you try
Work each one out first, then tap to reveal the worked answer.