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Economic and management sciences

Grade 5

What affects my existence?

Module 1

Needs and desires

Needs / desires

In Grade four, ALREADY, we made an in-depth differentiation between the needs and desires of people.

  1. See if you can describe the difference between needs and desires in one clear sentence.

[LO 1.1]

  1. Now make a list of five of your needs and five desires.

Suppose someone wants to establish a business as a general dealer near your school. It would be very important for the owner to know what the inhabitants and the learners of the school would like to see in his shop. Let us see if your class can help him with this.

Each learner must make a list of five items that he/she would like to have in the shop.

Now take all the items and list them in two columns under the headings NEEDS and DESIRES. Consider each one carefully:

[LO 1.1]

Discuss the items in each column in your group and also discuss the longest list. Do needs get less attention?


LO 1

THE ECONOMIC CYCLE The learner is able to demonstrate knowledge and understanding of the economic cycle within the context of the economic problem.

We know this when the learner:

1.1 differentiates between the different levels of needs that people have, and explains how these might be satisfied;

1.2 identifies and describes the role of government in the use of resources and services;

1.4 differentiates beteen direct taxes (e.g. income tax) and indirect taxes (e.g. VAT, tax on petrol).


  • Teachers facilitate small group discussions during which the learners formulate the difference between needs and desires .

Questions & Answers

richa Reply
if sinx°=sin@, then @ is - ?
the value of tan15°•tan20°•tan70°•tan75° -
0.037 than find sin and tan?
Jon Reply
cos24/25 then find sin and tan
Deepak Reply
Santosh Reply
At the start of a trip, the odometer on a car read 21,395. At the end of the trip, 13.5 hours later, the odometer read 22,125. Assume the scale on the odometer is in miles. What is the average speed the car traveled during this trip?
Kimberly Reply
-3 and -2
Julberte Reply
tan(?cosA)=cot(?sinA) then prove cos(A-?/4)=1/2?2
Chirag Reply
tan(pi.cosA)=cot(?sinA) then prove cos(A-?/4)=1/2?2
Chirag Reply
sin x(1+tan x)+cos x(1+cot x) = sec x +cosec
Ankit Reply
let p(x)xq
Sophie Reply
To the nearest whole number, what was the initial population in the culture?
Cheyenne Reply
do posible if one line is parallel
Fran Reply
The length is one inch more than the width, which is one inch more than the height. The volume is 268.125 cubic inches.
Vamprincess Reply
Using Earth’s time of 1 year and mean distance of 93 million miles, find the equation relating ?T??T? and ?a.?
James Reply
Need to simplify the expresin. 3/7 (x+y)-1/7 (x-1)=
Crystal Reply
. After 3 months on a diet, Lisa had lost 12% of her original weight. She lost 21 pounds. What was Lisa's original weight?
Chris Reply
what is nanomaterials​ and their applications of sensors.
Ramkumar Reply
what is nano technology
Sravani Reply
preparation of nanomaterial
Victor Reply
Yes, Nanotechnology has a very fast field of applications and their is always something new to do with it...
Himanshu Reply
can nanotechnology change the direction of the face of the world
Prasenjit Reply
At high concentrations (>0.01 M), the relation between absorptivity coefficient and absorbance is no longer linear. This is due to the electrostatic interactions between the quantum dots in close proximity. If the concentration of the solution is high, another effect that is seen is the scattering of light from the large number of quantum dots. This assumption only works at low concentrations of the analyte. Presence of stray light.
Ali Reply
the Beer law works very well for dilute solutions but fails for very high concentrations. why?
bamidele Reply
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Source:  OpenStax, Economic and management sciences grade 5. OpenStax CNX. Sep 05, 2009 Download for free at http://cnx.org/content/col10974/1.1
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