Entrepreneurship · lesson 2 of 24 · free

Needs and wants — Entrepreneurship for kids

A need is something we must have to live, stay healthy, stay safe or go to school: food, water, clothes, shelter, medicine, school things. A want is nice to have but we can live without it: a video game, a fancy phone cover, sweets every day. Families buy needs first. Businesses can sell both — needs sell all year, wants sell when enough people want them and can pay.

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Business tip

Must have or nice to have? — “needs come first; a business can serve needs or wants”

  1. Need = must have to live, stay healthy, safe or go to school (water, food, shoes, medicine, uniform, bus fare).
  2. Want = nice to have, but we can live without it (games, gadgets, extra shoes, sweets every day).
  3. Season changes what people need: umbrellas in the monsoon, warm drinks in winter.

Use it for: Choosing what to sell, planning a family or stall budget, and spending your own money.

Worked example: 🛒 Need or want: medicine when ill? → a need

  1. Medicine keeps us healthy when we are ill — we must have it.
  2. So it is a need.

Check: Try it: list five things your family bought this week and mark each one N (need) or W (want) ✓

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✏️ Practice

Work it out in your head or on paper, type the answer and press Check. Stuck? Press “Show me how”.

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🏁 Lesson 2 test

20 questions. Check each answer, then go to the next one. Get 16 or more right to pass.

🏅 Sign in with Google to earn the 🛒 Needs-and-Wants Sorter badge when you pass — and a certificate when you finish all 8 lessons of Part 1 · Ideas and customers. You can still take the test without signing in.

🖨️ Entrepreneurship for Kids Worksheet: Needs and Wants

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