Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 251 · 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: “a bigger TV” is a want. (a) True (b) False
2. 2.🛒 Need or want: drinking water? (a) a want (b) a need
3. 3.True or false: “designer sunglasses” is a need. (a) True (b) False
4. 4.True or false: “a glitter pen set” is a want. (a) True (b) False
5. 5.Which of these is a want? (a) drinking water (b) designer sunglasses (c) a roof over your head (d) notebooks for school
6. 6.Which of these is a need? (a) a school uniform (b) a toy robot (c) a sticker album (d) a video game
7. 7.🍱 A tiffin service mostly meets which? (a) nothing at all (b) a need: food (c) a want: games (d) a want: toys
8. 8.True or false: “a third pair of shoes” is a need. (a) True (b) False
9. 9.🔍 Which is the odd one out? (a) notebooks for school (b) a toy robot (c) a glitter pen set (d) designer sunglasses
10. 10.🛒 A family has little money. What should it buy first? (a) the needs (b) the wants (c) the most fun thing (d) the costliest thing
11. 11.Which of these is a want? (a) medicine when ill (b) bus fare to school (c) a bigger TV (d) soap
12. 12.🛍️ Why do businesses that meet needs often sell all year? (a) needs are always free (b) people always need them (c) needs are toys (d) nobody buys needs
13. 13.🔍 Which is the odd one out? (a) a fancy phone cover (b) drinking water (c) school shoes (d) a roof over your head
14. 14.🛒 Need or want: designer sunglasses? (a) a need (b) a want
15. 15.True or false: “medicine when ill” is a need. (a) True (b) False
16. 16.🛒 Need or want: bus fare to school? (a) a want (b) a need
17. 17.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) hot drinks (c) water guns (d) ice lollies
18. 18.🛒 Need or want: school shoes? (a) a want (b) a need
19. 19.Which of these is a need? (a) a fancy phone cover (b) a party dress (c) medicine when ill (d) a bigger TV
20. 20.True or false: “a roof over your head” is a want. (a) True (b) False
21. 21.True or false: “school shoes” is a want. (a) False (b) True
22. 22.Which of these is a want? (a) school shoes (b) a warm blanket (c) a fancy phone cover (d) medicine when ill
23. 23.🛒 Need or want: soap? (a) a want (b) a need
24. 24.True or false: “a party dress” is a want. (a) True (b) False
25. 25.💡 A need is something… (a) only rich people buy (b) made of plastic (c) nice but not needed (d) we must have to live
26. 26.🔍 Which is the odd one out? (a) a warm blanket (b) a video game (c) school shoes (d) medicine when ill
27. 27.Which of these is a want? (a) a party dress (b) rice and dal (c) soap (d) school shoes
28. 28.🛒 Need or want: a party dress? (a) a need (b) a want
29. 29.Which of these is a need? (a) a bigger TV (b) drinking water (c) a third pair of shoes (d) a fancy phone cover
30. 30.🛒 Need or want: rice and dal? (a) a want (b) a need
31. 31.Which of these is a need? (a) a party dress (b) a sticker album (c) a video game (d) rice and dal
32. 32.True or false: “a toy robot” is a need. (a) True (b) False
33. 33.🔍 Which is the odd one out? (a) a glitter pen set (b) soap (c) a video game (d) a party dress
34. 34.True or false: “soap” is a need. (a) True (b) False
35. 35.🛒 Need or want: medicine when ill? (a) a need (b) a want
36. 36.True or false: “a video game” is a need. (a) True (b) False
37. 37.True or false: “a sticker album” is a need. (a) True (b) False
38. 38.True or false: “a school uniform” is a need. (a) True (b) False
39. 39.True or false: “sweets every day” is a need. (a) True (b) False
40. 40.🛒 Need or want: a warm blanket? (a) a need (b) a want

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