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Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 27 · 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.🎯 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
  2. 2.🔍 Which is the odd one out? (a) a bigger TV (b) rice and dal (c) medicine when ill (d) soap
  3. 3.Which of these is a want? (a) a warm blanket (b) soap (c) school shoes (d) a party dress
  4. 4.True or false: “designer sunglasses” is a want. (a) False (b) True
  5. 5.True or false: “medicine when ill” is a need. (a) False (b) True
  6. 6.🛍️ 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
  7. 7.Which of these is a need? (a) a fancy phone cover (b) a third pair of shoes (c) soap (d) a glitter pen set
  8. 8.❄️ On a cold winter morning, which stall would most people want? (a) hot drinks (b) ice lollies (c) water guns (d) paper fans
  9. 9.🔍 Which is the odd one out? (a) rice and dal (b) sweets every day (c) a warm blanket (d) drinking water
  10. 10.True or false: “a video game” is a want. (a) False (b) True
  11. 11.🛒 Need or want: medicine when ill? (a) a want (b) a need
  12. 12.🛒 Need or want: soap? (a) a need (b) a want
  13. 13.🛒 Need or want: a glitter pen set? (a) a need (b) a want
  14. 14.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
  15. 15.True or false: “a third pair of shoes” is a need. (a) True (b) False
  16. 16.🛒 Need or want: a sticker album? (a) a want (b) a need
  17. 17.Which of these is a need? (a) drinking water (b) a sticker album (c) designer sunglasses (d) a glitter pen set
  18. 18.True or false: “drinking water” is a want. (a) False (b) True
  19. 19.Which of these is a need? (a) a toy robot (b) a glitter pen set (c) a sticker album (d) bus fare to school
  20. 20.True or false: “a glitter pen set” is a need. (a) True (b) False
  21. 21.🛒 Need or want: designer sunglasses? (a) a need (b) a want
  22. 22.🔍 Which is the odd one out? (a) bus fare to school (b) a third pair of shoes (c) medicine when ill (d) drinking water
  23. 23.True or false: “a roof over your head” is a want. (a) True (b) False
  24. 24.Which of these is a need? (a) a glitter pen set (b) a party dress (c) a school uniform (d) a bigger TV
  25. 25.Which of these is a want? (a) school shoes (b) a toy robot (c) drinking water (d) rice and dal
  26. 26.Which of these is a want? (a) soap (b) a third pair of shoes (c) a roof over your head (d) school shoes
  27. 27.🛒 A family has little money. What should it buy first? (a) the wants (b) the most fun thing (c) the costliest thing (d) the needs
  28. 28.🔍 Which is the odd one out? (a) medicine when ill (b) a sticker album (c) a fancy phone cover (d) a bigger TV
  29. 29.True or false: “sweets every day” is a need. (a) True (b) False
  30. 30.True or false: “a sticker album” is a need. (a) True (b) False
  31. 31.💡 A need is something… (a) only rich people buy (b) nice but not needed (c) made of plastic (d) we must have to live
  32. 32.🔍 Which is the odd one out? (a) bus fare to school (b) a school uniform (c) a warm blanket (d) designer sunglasses
  33. 33.🛒 Need or want: sweets every day? (a) a need (b) a want
  34. 34.🛒 Need or want: drinking water? (a) a want (b) a need
  35. 35.True or false: “a video game” is a need. (a) False (b) True
  36. 36.Which of these is a want? (a) bus fare to school (b) a glitter pen set (c) notebooks for school (d) a roof over your head
  37. 37.Which of these is a need? (a) a third pair of shoes (b) a roof over your head (c) a toy robot (d) a fancy phone cover
  38. 38.True or false: “a party dress” is a need. (a) True (b) False
  39. 39.True or false: “a fancy phone cover” is a want. (a) False (b) True
  40. 40.Which of these is a need? (a) a video game (b) a fancy phone cover (c) a warm blanket (d) a party dress

Answer key

  1. many people want it
  2. a bigger TV
  3. a party dress
  4. True
  5. True
  6. people always need them
  7. soap
  8. hot drinks
  9. sweets every day
  10. True
  11. a need
  12. a need
  13. a want
  14. a want
  15. False
  16. a want
  17. drinking water
  18. False
  19. bus fare to school
  20. False
  21. a want
  22. a third pair of shoes
  23. False
  24. a school uniform
  25. a toy robot
  26. a third pair of shoes
  27. the needs
  28. medicine when ill
  29. False
  30. False
  31. we must have to live
  32. designer sunglasses
  33. a want
  34. a need
  35. False
  36. a glitter pen set
  37. a roof over your head
  38. False
  39. True
  40. a warm blanket

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