Understanding Scarcity
A Grade 5 social studies worksheet focusing on scarcity, wants, needs, and economic choices.
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Understanding Scarcity
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Read each question carefully and answer to the best of your ability. This worksheet will help you understand the concept of scarcity and how it affects our daily lives.
1. is when there are not enough resources to satisfy all wants and needs.
2. A is something essential for survival, like food or water.
3. A is something we desire but can live without, like a new toy or a vacation.
4. Because of scarcity, people and societies must make about what to produce and consume.
1. Which of the following is an example of a want?
Shelter
Water
A video game
Food
2. What is the main reason we have to make choices about how we use resources?
Abundance
Scarcity
Demand
Supply
1. All resources on Earth are unlimited.
True
False
2. Scarcity means that everyone can have everything they want.
True
False
1. Explain in your own words what scarcity means.
2. Give an example of how scarcity might affect your family's choices.