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What are the 2 steps of the materials economy that we have already talked about and describe them?
Luxury: a material good or service that is NOT essential to a person's life; an extravagance.
Which items that you bought are luxuries?
Which are necessities?
What do these items say about your family?
Why would someone need these things?
SHOES: Luxury or necessity?
Each group will be assigned a family and given $150.
What should your family spend that $150 on? You get to decide!
Necessities and luxuries are located on a continuum.
WHAT IN THE WORLD DOES THAT MEAN?!
Did you agree with the purchases that your family made? Why or why not?
What did you learn about priorities in this activity?
Priority: Something that is considered more important than something else
Draw a necessity--> luxury continuum. Place two things you have on the continuum where you think they belong.
What is one item that you or your family have bought once, and then bought a new version of?