Needs and Wants (People Work)
Key Vocabulary needs things that you must have to live. wants things that you don’t need but wish to have. scarcity not enough of something. scarce. money something that people use as a means of exchange. bill paper money. note. large/small bill. coin money that is made of metal. change. quarter a coin that is worth 25 cents. penny a coin that is worth 1 cent. smallest currency. nickel -> 5 cents. dime -> 10 cents. ...