On your notebook:

For your birthday, your parents have

decided to surprise you with an allexpense paid cruise around Asia.
What will be the things that you will
bring with you on this trip?
Create a list of things that you
would put inside your luggage.

On your notebook:
On your way to the next stop, you
were met by a big storm that caused
maximum damage on your ship.
Because of this, the ship began
sinking and you were only given the
chance to take 5 items from the
things that you packed. What will
those items be?

Lets talk about it

1. What were the things that youve
decided to bring with you on the
trip?
2. Was it easy deciding which 5 items
you will bring with you?
3. What was your basis in choosing
the 5 items?

Human Needs
and Wants

Objectives:
Discuss the relationship among
scarcity, human needs and human
wants.
Discuss and apply theories on
human needs and wants.

1.

Needs

Needs
Basic requirements
for survival
Necessities to a
person from birth to
death

2.

Wants

Wants
Things consumed
given an unlimited
income
Things that are not
of real importance
to us but we still
wish to obtain

Wants
According to
Clayton and Brown,
means of
expressing a need

2.

Classification
of needs

Maslows Hierarchy of
needs

Maslows Hierarchy of
needs

Alderfers Existence
Relatedness Growth Theory
Satisfaction

Safety
Physiological

Progression

External Esteem
Social

Frustration

Self-actualization
Internal Esteem

Regression

ON A SIZE 2 (10
points):
How does scarcity affect
satisfaction of human
needs and wants?