Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 266 · 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: “notebooks for school” is a want. (a) True (b) False
2. 2.🛒 Need or want: a bigger TV? (a) a want (b) a need
3. 3.🛒 Need or want: sweets every day? (a) a need (b) a want
4. 4.🛒 Need or want: a sticker album? (a) a want (b) a need
5. 5.True or false: “a fancy phone cover” is a want. (a) True (b) False
6. 6.🔍 Which is the odd one out? (a) drinking water (b) a warm blanket (c) bus fare to school (d) a sticker album
7. 7.🛍️ 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
8. 8.🛒 A family has little money. What should it buy first? (a) the most fun thing (b) the costliest thing (c) the wants (d) the needs
9. 9.Which of these is a need? (a) a video game (b) a fancy phone cover (c) a toy robot (d) bus fare to school
10. 10.🛒 Need or want: rice and dal? (a) a need (b) a want
11. 11.Which of these is a need? (a) a party dress (b) a video game (c) a bigger TV (d) notebooks for school
12. 12.True or false: “a third pair of shoes” is a want. (a) False (b) True
13. 13.Which of these is a want? (a) drinking water (b) a fancy phone cover (c) medicine when ill (d) a school uniform
14. 14.🛒 Need or want: a warm blanket? (a) a want (b) a need
15. 15.True or false: “a roof over your head” is a need. (a) False (b) True
16. 16.Which of these is a want? (a) soap (b) notebooks for school (c) drinking water (d) sweets every day
17. 17.🔍 Which is the odd one out? (a) a third pair of shoes (b) a toy robot (c) a fancy phone cover (d) a warm blanket
18. 18.True or false: “notebooks for school” is a need. (a) True (b) False
19. 19.🔍 Which is the odd one out? (a) medicine when ill (b) a fancy phone cover (c) notebooks for school (d) school shoes
20. 20.🔍 Which is the odd one out? (a) soap (b) a sticker album (c) a third pair of shoes (d) a party dress
21. 21.💡 A need is something… (a) made of plastic (b) only rich people buy (c) nice but not needed (d) we must have to live
22. 22.🔍 Which is the odd one out? (a) designer sunglasses (b) a glitter pen set (c) a sticker album (d) bus fare to school
23. 23.True or false: “a video game” is a want. (a) False (b) True
24. 24.True or false: “medicine when ill” is a need. (a) False (b) True
25. 25.True or false: “drinking water” is a need. (a) False (b) True
26. 26.True or false: “school shoes” is a want. (a) True (b) False
27. 27.Which of these is a want? (a) school shoes (b) a bigger TV (c) a warm blanket (d) notebooks for school
28. 28.☔ In the monsoon, which would sell best at a school gate? (a) ice lollies (b) woollen sweaters (c) paper kites (d) umbrellas and raincoats
29. 29.🛒 Need or want: designer sunglasses? (a) a need (b) a want
30. 30.Which of these is a need? (a) sweets every day (b) a video game (c) soap (d) a sticker album
31. 31.🔍 Which is the odd one out? (a) notebooks for school (b) sweets every day (c) a school uniform (d) school shoes
32. 32.🛒 Need or want: school shoes? (a) a need (b) a want
33. 33.🍱 A tiffin service mostly meets which? (a) nothing at all (b) a want: toys (c) a want: games (d) a need: food
34. 34.Which of these is a need? (a) school shoes (b) a party dress (c) a fancy phone cover (d) a bigger TV
35. 35.True or false: “school shoes” is a need. (a) False (b) True
36. 36.🛒 Need or want: a toy robot? (a) a want (b) a need
37. 37.True or false: “a roof over your head” is a want. (a) True (b) False
38. 38.🎯 A want can still be a good business when… (a) nobody likes it (b) it is not safe (c) it breaks the rules (d) many people want it
39. 39.🛒 Need or want: a roof over your head? (a) a need (b) a want
40. 40.Which of these is a need? (a) sweets every day (b) designer sunglasses (c) a warm blanket (d) a sticker album

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