Name Date Class Chapter 1 Basic Economic Concepts Section 1.1 A Look at Wants and Needs Reading Activity-Take Notes Chapter 1 Directions Fill in the blanks to complete the notes. 1. Wants and needs the economy. A. Wants and needs what products and services businesses B. Businesses goods and services to wants and needs. 2. Resources the ability to - wants and needs. 3. Every day, you make about how you will your resources to your needs and wants. A. The process can help you make good . i. Step 1 requires you to the situation. ii. Step 2 requires you to identify courses of action