Needs and Wants resources
Economics, grade 7. Notes, worksheets, videos, interactive tools and revision materials for this chapter.
Notes
Study notes
The chapter's lessons are the notes — read them in order, then use the resources below.
01Needs vs WantsLearn the difference between things we must have to live and things we would simply like.Read lesson →02What Is Scarcity?Discover why nobody can have everything they want, no matter how rich they are.Read lesson →03Making ChoicesSee how every choice means giving something else up.Read lesson →04Saving and SpendingPractise using limited money wisely through saving first and spending carefully.Read lesson →
Worksheets
Practice worksheet
Attempt every question before revealing the answer — that struggle is where learning happens.
Practice questions live inside each lesson — work through them there, then return for revision.
Videos
Watch and learn
Hand-picked searches to find a clear video explanation of each lesson.
Revision
Revision checklist
Can you explain each of these out loud, without looking? If not, re-read that lesson.
- Needs vs Wants: Learn the difference between things we must have to live and things we would simply like.
- What Is Scarcity?: Discover why nobody can have everything they want, no matter how rich they are.
- Making Choices: See how every choice means giving something else up.
- Saving and Spending: Practise using limited money wisely through saving first and spending carefully.
- Read each lesson's summary and re-do its practice questions from memory.