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Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 237 · 40 questions
TalentJR

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.

NameDateTime takenScore ___ / 40
  1. 1.True or false: “a school uniform” is a need. (a) False (b) True
  2. 2.🛒 Need or want: a video game? (a) a want (b) a need
  3. 3.True or false: “sweets every day” is a want. (a) True (b) False
  4. 4.True or false: “soap” is a want. (a) True (b) False
  5. 5.🔍 Which is the odd one out? (a) designer sunglasses (b) a toy robot (c) a fancy phone cover (d) bus fare to school
  6. 6.True or false: “a bigger TV” is a need. (a) True (b) False
  7. 7.🔍 Which is the odd one out? (a) rice and dal (b) notebooks for school (c) designer sunglasses (d) drinking water
  8. 8.True or false: “a bigger TV” is a want. (a) False (b) True
  9. 9.💡 A need is something… (a) only rich people buy (b) we must have to live (c) nice but not needed (d) made of plastic
  10. 10.🔍 Which is the odd one out? (a) bus fare to school (b) drinking water (c) a roof over your head (d) a fancy phone cover
  11. 11.🛒 A family has little money. What should it buy first? (a) the most fun thing (b) the wants (c) the needs (d) the costliest thing
  12. 12.True or false: “medicine when ill” is a want. (a) True (b) False
  13. 13.🎯 A want can still be a good business when… (a) nobody likes it (b) many people want it (c) it is not safe (d) it breaks the rules
  14. 14.🔍 Which is the odd one out? (a) a fancy phone cover (b) school shoes (c) sweets every day (d) designer sunglasses
  15. 15.🛒 Need or want: a school uniform? (a) a want (b) a need
  16. 16.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
  17. 17.🛒 Need or want: school shoes? (a) a want (b) a need
  18. 18.Which of these is a want? (a) school shoes (b) designer sunglasses (c) rice and dal (d) medicine when ill
  19. 19.True or false: “a sticker album” is a want. (a) False (b) True
  20. 20.🔍 Which is the odd one out? (a) designer sunglasses (b) a third pair of shoes (c) a sticker album (d) rice and dal
  21. 21.True or false: “notebooks for school” is a need. (a) False (b) True
  22. 22.🔍 Which is the odd one out? (a) medicine when ill (b) school shoes (c) a video game (d) a warm blanket
  23. 23.True or false: “rice and dal” is a need. (a) False (b) True
  24. 24.🛒 Need or want: designer sunglasses? (a) a want (b) a need
  25. 25.🛒 Need or want: bus fare to school? (a) a want (b) a need
  26. 26.🛒 Need or want: a warm blanket? (a) a want (b) a need
  27. 27.🛒 Need or want: drinking water? (a) a want (b) a need
  28. 28.True or false: “rice and dal” is a want. (a) True (b) False
  29. 29.True or false: “school shoes” is a need. (a) True (b) False
  30. 30.🛒 Need or want: notebooks for school? (a) a want (b) a need
  31. 31.Which of these is a want? (a) a warm blanket (b) medicine when ill (c) sweets every day (d) drinking water
  32. 32.Which of these is a want? (a) bus fare to school (b) rice and dal (c) a party dress (d) a roof over your head
  33. 33.True or false: “a toy robot” is a need. (a) True (b) False
  34. 34.🔍 Which is the odd one out? (a) a glitter pen set (b) a third pair of shoes (c) designer sunglasses (d) a warm blanket
  35. 35.🔍 Which is the odd one out? (a) notebooks for school (b) bus fare to school (c) a warm blanket (d) sweets every day
  36. 36.True or false: “a glitter pen set” is a need. (a) False (b) True
  37. 37.🔍 Which is the odd one out? (a) soap (b) notebooks for school (c) a party dress (d) school shoes
  38. 38.🛍️ Why do businesses that meet needs often sell all year? (a) people always need them (b) needs are toys (c) needs are always free (d) nobody buys needs
  39. 39.True or false: “a party dress” is a want. (a) True (b) False
  40. 40.🛒 Need or want: a roof over your head? (a) a want (b) a need

Answer key

  1. True
  2. a want
  3. True
  4. False
  5. bus fare to school
  6. False
  7. designer sunglasses
  8. True
  9. we must have to live
  10. a fancy phone cover
  11. the needs
  12. False
  13. many people want it
  14. school shoes
  15. a need
  16. a want
  17. a need
  18. designer sunglasses
  19. True
  20. rice and dal
  21. True
  22. a video game
  23. True
  24. a want
  25. a need
  26. a need
  27. a need
  28. False
  29. True
  30. a need
  31. sweets every day
  32. a party dress
  33. False
  34. a warm blanket
  35. sweets every day
  36. False
  37. a party dress
  38. people always need them
  39. True
  40. a need

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