Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 119 · 40 questions

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

1. 1.True or false: “drinking water” is a need. (a) True (b) False
2. 2.🛍️ Why do businesses that meet needs often sell all year? (a) nobody buys needs (b) people always need them (c) needs are always free (d) needs are toys
3. 3.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
4. 4.🔍 Which is the odd one out? (a) a sticker album (b) notebooks for school (c) a school uniform (d) soap
5. 5.🔍 Which is the odd one out? (a) drinking water (b) a toy robot (c) a third pair of shoes (d) a glitter pen set
6. 6.🛒 Need or want: a roof over your head? (a) a need (b) a want
7. 7.🛒 Need or want: a warm blanket? (a) a want (b) a need
8. 8.True or false: “school shoes” is a want. (a) True (b) False
9. 9.☔ In the monsoon, which would sell best at a school gate? (a) ice lollies (b) woollen sweaters (c) paper kites (d) umbrellas and raincoats
10. 10.True or false: “a sticker album” is a want. (a) True (b) False
11. 11.🛒 Need or want: school shoes? (a) a need (b) a want
12. 12.🛒 Need or want: notebooks for school? (a) a need (b) a want
13. 13.Which of these is a want? (a) a roof over your head (b) medicine when ill (c) a warm blanket (d) a video game
14. 14.Which of these is a need? (a) a school uniform (b) a fancy phone cover (c) designer sunglasses (d) a third pair of shoes
15. 15.🔍 Which is the odd one out? (a) a third pair of shoes (b) a bigger TV (c) a sticker album (d) a warm blanket
16. 16.🔍 Which is the odd one out? (a) rice and dal (b) a party dress (c) a glitter pen set (d) a bigger TV
17. 17.Which of these is a want? (a) medicine when ill (b) a roof over your head (c) a party dress (d) a warm blanket
18. 18.Which of these is a want? (a) a fancy phone cover (b) notebooks for school (c) rice and dal (d) drinking water
19. 19.True or false: “soap” is a want. (a) False (b) True
20. 20.❄️ On a cold winter morning, which stall would most people want? (a) water guns (b) ice lollies (c) hot drinks (d) paper fans
21. 21.🛒 Need or want: a video game? (a) a need (b) a want
22. 22.🛒 Need or want: rice and dal? (a) a need (b) a want
23. 23.🛒 Need or want: soap? (a) a want (b) a need
24. 24.🛒 Need or want: a toy robot? (a) a need (b) a want
25. 25.🔍 Which is the odd one out? (a) medicine when ill (b) a bigger TV (c) drinking water (d) notebooks for school
26. 26.Which of these is a need? (a) a bigger TV (b) a toy robot (c) rice and dal (d) a party dress
27. 27.Which of these is a want? (a) sweets every day (b) soap (c) medicine when ill (d) a roof over your head
28. 28.🛒 Need or want: a bigger TV? (a) a want (b) a need
29. 29.Which of these is a need? (a) a bigger TV (b) a fancy phone cover (c) a party dress (d) a roof over your head
30. 30.🛒 A family has little money. What should it buy first? (a) the wants (b) the costliest thing (c) the needs (d) the most fun thing
31. 31.🛒 Need or want: a sticker album? (a) a need (b) a want
32. 32.🔍 Which is the odd one out? (a) a sticker album (b) designer sunglasses (c) a fancy phone cover (d) medicine when ill
33. 33.True or false: “designer sunglasses” is a need. (a) False (b) True
34. 34.🔍 Which is the odd one out? (a) a party dress (b) rice and dal (c) medicine when ill (d) school shoes
35. 35.True or false: “a glitter pen set” is a want. (a) True (b) False
36. 36.💡 A need is something… (a) made of plastic (b) only rich people buy (c) we must have to live (d) nice but not needed
37. 37.🔍 Which is the odd one out? (a) designer sunglasses (b) a school uniform (c) a roof over your head (d) bus fare to school
38. 38.Which of these is a want? (a) a school uniform (b) a roof over your head (c) a warm blanket (d) a bigger TV
39. 39.Which of these is a need? (a) a sticker album (b) a bigger TV (c) drinking water (d) a toy robot
40. 40.True or false: “a warm blanket” is a want. (a) True (b) False

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