Entrepreneurship for Kids Worksheet: Needs and Wants
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.True or false: “a roof over your head” is a want. (a) True (b) False
- 2.True or false: “designer sunglasses” is a want. (a) False (b) True
- 3.Which of these is a need? (a) designer sunglasses (b) a fancy phone cover (c) a party dress (d) soap
- 4.🛒 Need or want: school shoes? (a) a want (b) a need
- 5.🔍 Which is the odd one out? (a) a glitter pen set (b) drinking water (c) bus fare to school (d) school shoes
- 6.🛍️ Why do businesses that meet needs often sell all year? (a) nobody buys needs (b) needs are toys (c) needs are always free (d) people always need them
- 7.🛒 Need or want: bus fare to school? (a) a want (b) a need
- 8.True or false: “a warm blanket” is a want. (a) True (b) False
- 9.🍱 A tiffin service mostly meets which? (a) a want: toys (b) nothing at all (c) a need: food (d) a want: games
- 10.🔍 Which is the odd one out? (a) a bigger TV (b) school shoes (c) drinking water (d) soap
- 11.True or false: “medicine when ill” is a want. (a) False (b) True
- 12.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
- 13.Which of these is a need? (a) a party dress (b) a sticker album (c) drinking water (d) a glitter pen set
- 14.🔍 Which is the odd one out? (a) a warm blanket (b) a school uniform (c) rice and dal (d) designer sunglasses
- 15.🛒 Need or want: a bigger TV? (a) a want (b) a need
- 16.🔍 Which is the odd one out? (a) notebooks for school (b) a fancy phone cover (c) school shoes (d) medicine when ill
- 17.True or false: “a glitter pen set” is a need. (a) True (b) False
- 18.🔍 Which is the odd one out? (a) a toy robot (b) notebooks for school (c) a glitter pen set (d) a fancy phone cover
- 19.❄️ On a cold winter morning, which stall would most people want? (a) ice lollies (b) paper fans (c) water guns (d) hot drinks
- 20.🔍 Which is the odd one out? (a) a warm blanket (b) rice and dal (c) sweets every day (d) drinking water
- 21.🛒 A family has little money. What should it buy first? (a) the wants (b) the most fun thing (c) the needs (d) the costliest thing
- 22.🔍 Which is the odd one out? (a) drinking water (b) a party dress (c) rice and dal (d) a roof over your head
- 23.Which of these is a need? (a) a video game (b) a school uniform (c) a third pair of shoes (d) a fancy phone cover
- 24.Which of these is a want? (a) a sticker album (b) rice and dal (c) drinking water (d) a warm blanket
- 25.Which of these is a want? (a) soap (b) a party dress (c) bus fare to school (d) notebooks for school
- 26.True or false: “drinking water” is a need. (a) True (b) False
- 27.🛒 Need or want: soap? (a) a want (b) a need
- 28.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
- 29.🛒 Need or want: a roof over your head? (a) a want (b) a need
- 30.True or false: “designer sunglasses” is a need. (a) False (b) True
- 31.Which of these is a want? (a) rice and dal (b) notebooks for school (c) drinking water (d) a fancy phone cover
- 32.🛒 Need or want: a warm blanket? (a) a need (b) a want
- 33.True or false: “sweets every day” is a need. (a) True (b) False
- 34.True or false: “bus fare to school” is a need. (a) False (b) True
- 35.🔍 Which is the odd one out? (a) bus fare to school (b) notebooks for school (c) school shoes (d) a video game
- 36.🛒 Need or want: a toy robot? (a) a want (b) a need
- 37.🛒 Need or want: a glitter pen set? (a) a need (b) a want
- 38.🔍 Which is the odd one out? (a) drinking water (b) a third pair of shoes (c) a bigger TV (d) sweets every day
- 39.Which of these is a need? (a) notebooks for school (b) sweets every day (c) designer sunglasses (d) a third pair of shoes
- 40.Which of these is a want? (a) soap (b) a third pair of shoes (c) drinking water (d) school shoes
Answer key
- False
- True
- soap
- a need
- a glitter pen set
- people always need them
- a need
- False
- a need: food
- a bigger TV
- False
- a want
- drinking water
- designer sunglasses
- a want
- a fancy phone cover
- False
- notebooks for school
- hot drinks
- sweets every day
- the needs
- a party dress
- a school uniform
- a sticker album
- a party dress
- True
- a need
- a want
- a need
- False
- a fancy phone cover
- a need
- False
- True
- a video game
- a want
- a want
- drinking water
- notebooks for school
- a third pair of shoes
Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids