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Content description VCEBR001

Economics and Business / Levels 5 and 6 / Resource Allocation and Making Choices
Content description
Describe the difference between needs and wants and explain why choices need to be made
  1. listing all the items individuals would like to have and categorising these items as a need or a want
  2. explaining why individuals cannot have all the items they want and therefore must make a choice (scarcity)
  3. discussing whether one person’s need is another person’s need or want
Curriculum resources and support
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