NEEDS AND

WANTS OF
PEOPLE
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SPEAKER & CHIEF EXECUTIVE OFFICER

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VIDEO

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v=DHk_02cNAuk

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 VOCABULARY WORDS
• Business- a practice of making one’s living by engaging in
commerce.

• Needs- necessity, cannot avoid or help doing something.

• Wants- have a desire t possess or do something; wish for.

• Luxury- the state of great comfort and extravagant living; an

inessential; an item which is expensive or difficult to attain.
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5 CONTOSO ALL-HANDS
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 DIRECTIONS: IN YOUR NOTEBOOK,
WRITE YOUR NEEDS AND WANTS
THAT WILL HELP YOU GENERATE A
BUSINESS IDEAS.

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 Directions: Write T if the statement is true and F it is
wrong.
1. Recreation, clothing and shelter are examples of peoples’ basic needs.

2. Needs in business are important things that every individual cannot do

without in a society.

3. Basic needs are essential to every individual so he/she may be able to live
with dignity and pride in the community of people.

NEEDS VS WANTS
4. Needs and wants of people are the basic indicators of the kind of
business that you may engage into because it can serve as the measure of
your success.

5. Needs are desires, luxury and extravagance that signify wealth and an
expensive way of living.

NEEDS VS WANTS
 Directions: Write T if the statement is true and F it is
wrong.
1. Recreation, clothing and shelter are examples of peoples’ basic needs.
T
2. Needs in business are important things that every individual cannot do
without in a society. T
3. Basic needs are essential to every individual so he/she may be able to live
with dignity and pride in the community of people.
T

NEEDS VS WANTS
4. Needs and wants of people are the basic indicators of the kind of
business that you may engage into because it can serve as the measure of
your success.
T
5. Needs are desires, luxury and extravagance that signify wealth and an
expensive way of living. F

NEEDS VS WANTS