As far as wants & needs, please see the link
http://www.socialstudiesforkids.com/articles/economics/wantsandneeds1.htm.
It is interesting. I did an exercise of listing many
of my day to day requirements and analyzed them as to
the needs and wants. It gave me some awareness. I also
suggested such exercise to few children. It is working
good.
With Lov
Ramki
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