To get the things we need and want, we must make use of the personal resources that are available to us. These personal resources include:
1. Money (finance). For example, Stephen wants to buy a new pair of jeans. He will use the money he got for his birthday to pay for the jeans.
2. Skill or talent. For example, Jane wants to be a musician when she is older. She will use her musical skills to achieve her dream.
3. Time. For example, Conor wants to learn how to swim. He will have the time to do this during the summer holidays.
The Impact of Meeting Needs and Wants
We will lean more about consumer
We are surrounded by advertisements that aim to make us want products – many of which we do not actually need.
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responsibilities in chapter 10
As consumers, it is important that we stay aware of the impact that meeting our needs and wants has: • On us (individuals) • On other people (society) • On the planet (the environment).
KNOW? Fast-food
Did You
packaging makes up an estimated 40% of all litter. The Styrofoam commonly used as packaging for
burgers and chips takes 900 years to break down!
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Let’s look at some examples of how needs and wants can affect individuals and the wider world.
Example 1
Kevin needs to eat. Food is a basic need, but if Kevin always buys fast food to satisfy his need he will put his health at risk. The packaging from fast food is bad for the
