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I learned that wants unlimited and the needs are limited, we made important choices with our wants and needs. By choosing the most important things to carry on an island and then choose the things that we can survive, if we have space remaining ( like for us it was weight). For example we had to choose between gold bars and tents, we gave up the gold bars for the tents, hence we made a choice, and the opportunity cost for this was the gold bars.

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I learned that wants are unlimited however the resources to fulfil and our wants and wishes are limited in the same way we had to asume that we were going to go to an island but  with making a choices among things from water to electronics and all but it had to be for sure that we chose all our needs like water tents food and clothing

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Today we learned about the different kinds of needs we need

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Today we had to make choices but our needs and wants following

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I learned what all are requirements to live at island and difference but needs and wants

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I learnt that beacuse human wants are unlimited and resources are limited you have to maximize the fulfillment of your needs than your wants so that you can survive in extreme conditions.

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Today I have  learnt the importance of collaboration, tolerance and team work. I learnt about sacrificing things for more important things in order to survive.

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I got to learn the difference between needs and wants and what is an opportunity cost. I also learnt about the things that I need for survival and how important it is to take the correct decisions.

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I have learnt how to collaborate as a group and how to choose between products if I was in a situation like this.I also learnt that wants are unlimited but the resources to satisfy these unlimited wants are limited.

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I learnt about what all I need to survive

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Today we made important choices with our needs and wants. In today class with a variety of objects we made choices with the required limitations. We had an array of objects some were needs and some were wants. After seeing and contemplating on the limitations and the required materials we made our choices beacause of the limitation of weight ( in this case ) . This choice we made was just to inroduce the real life topic opportunity cost. In this topic I also learnt to make important decisions in choosing with the required objects.

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I learnt the difference between needs and wants and how important it is to make the right choices. I learnt what is needed for survival and what is not needed

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I have learned about the resources required for survival , differentiating between needs and wants

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I learnt to compromise some stuff because the resources to carry were limited and time was in short supply

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I have learnt the difference between needs and wants.also how it leads to opportunity cost.
The Activity helped in understanding about opportunity

cost better.In total it was no problem in learning as sir explained it nicely.

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I have learnt the importance of wants and needs and also that wants are unlimited but the resources to satisfy these wants are limited.Opportunity cost is when you choose an alternative to one thing. It is the best alternative forgone.Needs are the essential thing required for survival. Wants are unlimited and needs are limited

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From today's activity what have you learnt? (Use some economic concepts)

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From today's activity what have you learnt? (Use some economic concepts)

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Minimum 50 words