← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

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

Answer key

  1. a want
  2. drinking water
  3. many people want it
  4. the needs
  5. a glitter pen set
  6. a need
  7. a need
  8. a party dress
  9. False
  10. a want
  11. rice and dal
  12. a need
  13. medicine when ill
  14. a want
  15. True
  16. a need: food
  17. a warm blanket
  18. a video game
  19. a warm blanket
  20. a bigger TV
  21. people always need them
  22. hot drinks
  23. we must have to live
  24. a need
  25. a need
  26. a need
  27. a want
  28. a want
  29. school shoes
  30. False
  31. False
  32. False
  33. notebooks for school
  34. a school uniform
  35. a need
  36. True
  37. True
  38. a sticker album
  39. False
  40. False

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids