Exam words


analyse: look at something carefully, break it up into logical parts and explain these parts in a systematic and critical way, giving strengths and weaknesses


debate: research and then listen to and discuss all sides of an issue; give and defend your own view


Activity 3 Analyse basic (primary) and secondary needs


Work on your own. 1 Look at the picture of individuals and families shopping on pages 20–21. 2 Identify the items they seem to be buying and copy them into a table under the correct category.


Clothes Food Shelter Communication Learning and fun


Religion and culture


3 Then write next to each item whether they are primary needs, secondary needs, or wants.


(13)


4 As a class discuss your answers. Debate whether it is always possible to be clear about whether something is a want or a need. Look at the picture and identify purchases that could be either a want or a need. Total: 26 marks


Unlimited wants


Unlimited wants mean that people want more than they need. They never have enough – there is always something else that they would like to have. Even basic needs are never satisfied: after eating one meal, we become hungry and thirsty again and have to meet our need for food and drink once more.


For businesses, satisfying needs and wants is very important. It motivates people to take action, to buy goods, to get a good education, to work, to produce, and to consume. For example, Suzie is motivated to buy a gardening magazine because she likes reading about gardening. But then she becomes motivated to create a beautiful garden and decides to buy some seedlings. At the nursery, Suzie sees other gardening items for sale, and she then spends more money.


People always want more than they have. The number of unsatisfied wants is huge. Using resources (in this case, money) to satisfy Suzie’s gardening wants, for example, means that many of her other wants remain unsatisfied.


Many people may want to own their own beachfront home but there is only so much land on the coast and not everyone can afford it. So, people have to choose their main wants and accept that some will not be satisfied.


Activity 4 Discuss why wants are unlimited


Work on your own. 1 Explain what you understand by unlimited wants.


3 Discuss this question: In your opinion, do you think our wants and needs can ever be fully satisfied?


22 Term 1 The economy and entrepreneurship (2)


2 What role do you think advertisements on television, the radio and in magazines play in making us feel that our wants are unlimited? (4)


(6) Total: 12 marks


(13)


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