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As we discussed in the introduction video to this series, deciding between needs and wants can be tough. Financial Literacy—Needs and Wants explains the difference between needs versus wants. But it goes further and describes what opportunity cost is. This will help your kids learn how to make decisions, not between needs and wants, but wants and more wants.
A need, as you now know, is something that is necessary to your survival. Food, water, and shelter are needs because we have to have those things in order to survive. Wants include way more things because there are lots of things in this world that we don't have to have to survive. Toys, games, books, subscriptions to stuff. While it may be hard to decide between a need and want, sometimes it's even harder to decide between two wants.
Opportunity cost relates to decisions between wants. It is basically the cost of missing out on the option you do not choose. The video offers an example in which Frankie Finance has to choose between a pair of rollerblades she has saved up for and going to the movies with her friends. The rollerblades cost more than she has, but there will be a sale to bring down the price to one she can afford.
If Frankie chooses the rollerblades, she will miss out on a movie night with her friends. If she chooses to go to the movie, she will not be able to afford the rollerblades, which will be on sale for one day only. If she doesn't buy them then, she will not be able to get them. There is an opportunity cost tied to each decision. One thing you can do to help you make decisions like this is to create a pros and cons list!
We hope you and your student(s) enjoyed learning about the difference between a need and a want! If you want even more information, head over to our website and download one of our many free lesson plans about financial literacy, full of activities, worksheets, and more!
https://learnbright.org/lesson....s/math/financial-lit
https://learnbright.org/lesson....s/math/introduction-
What you will learn in Financial Literacy—Needs and Wants:
0:00 Introduction
0:32 Difference between needs and wants
1:39 Opportunity costs
2:01 Example of opportunity cost in action
3:19 How to decide between options
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Bully Education on the Learning Videos Channel
Bullying is the use of force, coercion, or threat, to abuse, aggressively dominate or intimidate. The behavior is often repeated and habitual. One essential prerequisite is the perception (by the bully or by others) of an imbalance of physical or social power. This imbalance distinguishes bullying from conflict. Bullying is a subcategory of aggressive behavior characterized by the following three minimum criteria: (1) hostile intent, (2) imbalance of power, and (3) repetition over a period of time. Bullying is the activity of repeated, aggressive behavior intended to hurt another individual, physically, mentally, or emotionally.
Bullying ranges from one-on-one, individual bullying through to group bullying, called mobbing, in which the bully may have one or more "lieutenants" who may be willing to assist the primary bully in their bullying activities. Bullying in school and the workplace is also referred to as "peer abuse". Robert W. Fuller has analyzed bullying in the context of rankism. The Norwegian researcher Dan Olweus says bullying occurs when a person is "exposed, repeatedly and over time, to negative actions on the part of one or more other persons", and that negative actions occur "when a person intentionally inflicts injury or discomfort upon another person, through physical contact, through words or in other ways". Individual bullying is usually characterized by a person behaving in a certain way to gain power over another person.
A bullying culture can develop in any context in which humans interact with each other. This may include school, family, the workplace, the home, and neighborhoods. The main platform for bullying in contemporary culture is on social media websites. In a 2012 study of male adolescent American football players, "the strongest predictor [of bullying] was the perception of whether the most influential male in a player's life would approve of the bullying behavior."
Bullying may be defined in many different ways. In the United Kingdom, there is no legal definition of bullying, while some states in the United States have laws against it. Bullying is divided into four basic types of abuse – psychological (sometimes called emotional or relational), verbal, physical, and cyber.
Potential energy is the energy held by an object because of its position relative to other objects, stresses within itself, its electric charge, or other factors.
Common types of potential energy include the gravitational potential energy of an object that depends on its mass and its distance from the center of mass of another object, the elastic potential energy of an extended spring, and the electric potential energy of an electric charge in an electric field. The unit for energy in the International System of Units (SI) is the joule, which has the symbol J.
The term potential energy was introduced by the 19th-century Scottish engineer and physicist William Rankine, although it has links to Greek philosopher Aristotle's concept of potentiality. Potential energy is associated with forces that act on a body in a way that the total work done by these forces on the body depends only on the initial and final positions of the body in space. These forces, that are called conservative forces, can be represented at every point in space by vectors expressed as gradients of a certain scalar function called potential.
Since the work of potential forces acting on a body that moves from a start to an end position is determined only by these two positions, and does not depend on the trajectory of the body, there is a function known as potential that can be evaluated at the two positions to determine this work.
There are various types of potential energy, each associated with a particular type of force. For example, the work of an elastic force is called elastic potential energy; work of the gravitational force is called gravitational potential energy; work of the Coulomb force is called electric potential energy; work of the strong nuclear force or weak nuclear force acting on the baryon charge is called nuclear potential energy; work of intermolecular forces is called intermolecular potential energy. Chemical potential energy, such as the energy stored in fossil fuels, is the work of the Coulomb force during rearrangement of mutual positions of electrons and nuclei in atoms and molecules. Thermal energy usually has two components: the kinetic energy of random motions of particles and the potential energy of their mutual positions.
Potential energy is closely linked with forces. If the work done by a force on a body that moves from A to B does not depend on the path between these points (if the work is done by a conservative force), then the work of this force measured from A assigns a scalar value to every other point in space and defines a scalar potential field. In this case, the force can be defined as the negative of the vector gradient of the potential field.
Gravitational energy is the potential energy associated with gravitational force, as work is required to elevate objects against Earth's gravity. The potential energy due to elevated positions is called gravitational potential energy, and is evidenced by water in an elevated reservoir or kept behind a dam. If an object falls from one point to another point inside a gravitational field, the force of gravity will do positive work on the object, and the gravitational potential energy will decrease by the same amount.
Consider a book placed on top of a table. As the book is raised from the floor to the table, some external force works against the gravitational force. If the book falls back to the floor, the "falling" energy the book receives is provided by the gravitational force. Thus, if the book falls off the table, this potential energy goes to accelerate the mass of the book and is converted into kinetic energy. When the book hits the floor this kinetic energy is converted into heat, deformation, and sound by the impact.
The factors that affect an object's gravitational potential energy are its height relative to some reference point, its mass, and the strength of the gravitational field it is in. Thus, a book lying on a table has less gravitational potential energy than the same book on top of a taller cupboard and less gravitational potential energy than a heavier book lying on the same table. An object at a certain height above the Moon's surface has less gravitational potential energy than at the same height above the Earth's surface because the Moon's gravity is weaker. "Height" in the common sense of the term cannot be used for gravitational potential energy calculations when gravity is not assumed to be a constant. The following sections provide more detail.
Finger family Dhivehi version
Hey Kids, after explaining Earthquake, Tsunami and Volcano in detail, Dr. Binocs is here to explain Hurricane in his own style. Watch the video and learn all about Hurricane.
The detailed video break-up is given below
00:43 – What is Hurricane?
01:39 – More about Hurricane
02:21 – Categories of Hurricane
02.38 – Trivia Time
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Animators - Tushar Ishi, Chandrashekhar Aher
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WOAH! In this beginners amphibians video for children you will learn about this fascinating type of animals! You will discover how amphibians are different from other animals. Perfect video for the classroom or home. Let's learn!
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We hope you enjoyed the classroom edition of the amphibians video! Thanks for watching, and we hope you will keep watching and learning. You are awesome!
Amphibians for Children | Beginners Learning Video
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Why do we need to learn how to add and subtract money? Do we already do that in real life? When? Why? How? Click on this video to find out!
SHAVIYANI THAANA AKURU HA SHA NA RA DHIVEHI ADU (PHONICS)
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Number to 100 - Grade 1
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This video aims to teach babies and toddlers colors in Dhivehi language.
YIPPEE! In this pronoun video for kids you will learn about what pronouns are, professional words that replace nouns! Perfect video for the classroom or home. Let's learn!
Homeschool Pop offers a unique, dynamic learning experience. We strive to have the right balance of silliness and learning to keep students and children engaged as we look at the pronouns!
We hope you enjoyed the classroom edition of the pronoun video! Thanks for watching, and we hope you will keep watching and learning. You are awesome!
Learn the Pronouns | Classroom Lesson Video
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Easy Creative Crafts and Fun Activities | Stunning Colorful Craft Ideas That'll Inspire You
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In this video we will show you how to make a unique and Simple and Creative Kids Crafts and Activities using paper , Peanuts hell and ear buds.
Watch this video for easy instructions.
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LAAMU THAANA AKURU HA SHA NA RA DHIVEHI ADU (PHONICS)
Maldivian Language Phonics
Produced by Skill Training Centre in association with Naushyn Books and Toys.
DIY paper crafts Paper Fish | DIY easy paper crafts
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Tharujamaa: Mohamed Didi