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If You
Give A Pig A Pancake
by Laura Numeroff Summary: Concept: Economic Wants Definition:
Economic wants are desires that can be satisfied by consuming
a good, Comprehension Questions: What are economic wants? (goods, services, or leisure activities that people desire) What were some of the economic wants of the little pig? (She wanted a pancake, maple syrup, bubble bath, rubber duck, a family visit, suitcase, old tap shoes, clothes, music, pictures to be taken, envelopes and stamps, tree house, wallpaper and glue, etc. Her wants were virtually unlimited!) Could the little girl satisfy all of the pig's economic wants? (No, the little pig had virtually unlimited wants!) In the real world how do people get the goods and services they want? (They buy them, usually with money.) How do people get the money they spend? (Most people get the money -income- they spend by working at jobs.) How could the little girl get out of the chaotic situation? (Answers will vary. She could make the little pig make her most important wants. The little pig had to learn that she could not continue to have everything she wanted.) Other Concepts: Goods, Opportunity Cost, Scarcity.
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