As we have discussed, the most fundamental study of economics must address
the issue of needs vs. wants and the consideration of available resources in
making choices. Go to the Discussion Board and tell about a recent purchase you
or your family made that required you to make a choice between a need and a
want.
This situation may deal with you personally or with your family as a whole. If you
have not made any personal purchases in the last few months, ask one of your
parents (or another adult) to share with you a purchase they made and the reasons
why they chose the product they purchased over another product. Share with the
class the scenario by discussing the item purchased, the other items that were
considered, and the reasons the item purchased was chosen over the others.
Comment on some of the entries of your classmates. Refer to the discussion
rubric for guidance.
