Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 130 · 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.🛒 A family has little money. What should it buy first? (a) the costliest thing (b) the needs (c) the wants (d) the most fun thing
2. 2.Which of these is a need? (a) a video game (b) a warm blanket (c) a glitter pen set (d) a party dress
3. 3.🛒 Need or want: a party dress? (a) a want (b) a need
4. 4.Which of these is a need? (a) a third pair of shoes (b) a video game (c) a party dress (d) rice and dal
5. 5.Which of these is a need? (a) a school uniform (b) a toy robot (c) a bigger TV (d) sweets every day
6. 6.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
7. 7.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) paper kites (c) umbrellas and raincoats (d) ice lollies
8. 8.Which of these is a want? (a) bus fare to school (b) soap (c) a school uniform (d) a party dress
9. 9.Which of these is a need? (a) a sticker album (b) a party dress (c) school shoes (d) a video game
10. 10.💡 A need is something… (a) we must have to live (b) nice but not needed (c) only rich people buy (d) made of plastic
11. 11.🛒 Need or want: rice and dal? (a) a need (b) a want
12. 12.🔍 Which is the odd one out? (a) a video game (b) rice and dal (c) a roof over your head (d) school shoes
13. 13.True or false: “a sticker album” is a want. (a) True (b) False
14. 14.🛒 Need or want: a school uniform? (a) a want (b) a need
15. 15.🛍️ Why do businesses that meet needs often sell all year? (a) needs are always free (b) nobody buys needs (c) people always need them (d) needs are toys
16. 16.🛒 Need or want: school shoes? (a) a need (b) a want
17. 17.True or false: “designer sunglasses” is a want. (a) False (b) True
18. 18.True or false: “soap” is a need. (a) True (b) False
19. 19.True or false: “a video game” is a need. (a) True (b) False
20. 20.🍱 A tiffin service mostly meets which? (a) a want: games (b) nothing at all (c) a need: food (d) a want: toys
21. 21.🛒 Need or want: bus fare to school? (a) a want (b) a need
22. 22.🛒 Need or want: a roof over your head? (a) a need (b) a want
23. 23.🔍 Which is the odd one out? (a) a bigger TV (b) sweets every day (c) a school uniform (d) a glitter pen set
24. 24.Which of these is a need? (a) notebooks for school (b) a bigger TV (c) a sticker album (d) a video game
25. 25.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) ice lollies (c) hot drinks (d) water guns
26. 26.True or false: “a toy robot” is a want. (a) False (b) True
27. 27.🔍 Which is the odd one out? (a) a video game (b) soap (c) a bigger TV (d) a toy robot
28. 28.True or false: “drinking water” is a need. (a) False (b) True
29. 29.🔍 Which is the odd one out? (a) drinking water (b) school shoes (c) rice and dal (d) a third pair of shoes
30. 30.🔍 Which is the odd one out? (a) a fancy phone cover (b) a glitter pen set (c) notebooks for school (d) a bigger TV
31. 31.Which of these is a want? (a) medicine when ill (b) a warm blanket (c) drinking water (d) a sticker album
32. 32.True or false: “a fancy phone cover” is a need. (a) True (b) False
33. 33.True or false: “a warm blanket” is a want. (a) False (b) True
34. 34.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
35. 35.🔍 Which is the odd one out? (a) a fancy phone cover (b) a video game (c) a party dress (d) medicine when ill
36. 36.🛒 Need or want: a sticker album? (a) a want (b) a need
37. 37.True or false: “school shoes” is a need. (a) True (b) False
38. 38.True or false: “school shoes” is a want. (a) True (b) False
39. 39.Which of these is a need? (a) sweets every day (b) bus fare to school (c) a fancy phone cover (d) a party dress
40. 40.Which of these is a need? (a) a toy robot (b) soap (c) a party dress (d) a third pair of shoes

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