← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 274 · 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.True or false: “a school uniform” is a want. (a) True (b) False
  2. 2.Which of these is a want? (a) drinking water (b) a warm blanket (c) a toy robot (d) medicine when ill
  3. 3.💡 A need is something… (a) nice but not needed (b) only rich people buy (c) we must have to live (d) made of plastic
  4. 4.🛒 Need or want: a toy robot? (a) a need (b) a want
  5. 5.Which of these is a need? (a) a video game (b) sweets every day (c) drinking water (d) a toy robot
  6. 6.True or false: “a glitter pen set” is a need. (a) True (b) False
  7. 7.True or false: “rice and dal” is a need. (a) True (b) False
  8. 8.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) paper kites (c) umbrellas and raincoats (d) ice lollies
  9. 9.🛍️ Why do businesses that meet needs often sell all year? (a) needs are toys (b) needs are always free (c) nobody buys needs (d) people always need them
  10. 10.🛒 Need or want: a warm blanket? (a) a need (b) a want
  11. 11.🎯 A want can still be a good business when… (a) nobody likes it (b) many people want it (c) it breaks the rules (d) it is not safe
  12. 12.🍱 A tiffin service mostly meets which? (a) a want: games (b) a want: toys (c) a need: food (d) nothing at all
  13. 13.🛒 Need or want: a sticker album? (a) a want (b) a need
  14. 14.Which of these is a need? (a) a third pair of shoes (b) a party dress (c) a glitter pen set (d) a warm blanket
  15. 15.🛒 Need or want: a bigger TV? (a) a want (b) a need
  16. 16.True or false: “sweets every day” is a want. (a) True (b) False
  17. 17.🔍 Which is the odd one out? (a) a glitter pen set (b) designer sunglasses (c) a bigger TV (d) school shoes
  18. 18.Which of these is a need? (a) bus fare to school (b) a toy robot (c) sweets every day (d) a glitter pen set
  19. 19.🛒 Need or want: soap? (a) a want (b) a need
  20. 20.🔍 Which is the odd one out? (a) a school uniform (b) sweets every day (c) school shoes (d) a warm blanket
  21. 21.🔍 Which is the odd one out? (a) a third pair of shoes (b) bus fare to school (c) school shoes (d) rice and dal
  22. 22.True or false: “a bigger TV” is a need. (a) True (b) False
  23. 23.Which of these is a need? (a) a school uniform (b) a party dress (c) a fancy phone cover (d) a third pair of shoes
  24. 24.🛒 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
  25. 25.True or false: “soap” is a need. (a) False (b) True
  26. 26.🔍 Which is the odd one out? (a) a toy robot (b) school shoes (c) a roof over your head (d) rice and dal
  27. 27.Which of these is a want? (a) rice and dal (b) sweets every day (c) a roof over your head (d) school shoes
  28. 28.🛒 Need or want: school shoes? (a) a want (b) a need
  29. 29.Which of these is a need? (a) a bigger TV (b) designer sunglasses (c) a party dress (d) medicine when ill
  30. 30.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
  31. 31.🛒 Need or want: rice and dal? (a) a want (b) a need
  32. 32.True or false: “a roof over your head” is a want. (a) False (b) True
  33. 33.🔍 Which is the odd one out? (a) a fancy phone cover (b) drinking water (c) a glitter pen set (d) designer sunglasses
  34. 34.True or false: “medicine when ill” is a need. (a) True (b) False
  35. 35.Which of these is a need? (a) soap (b) sweets every day (c) designer sunglasses (d) a sticker album
  36. 36.🛒 Need or want: a glitter pen set? (a) a want (b) a need
  37. 37.🛒 Need or want: designer sunglasses? (a) a need (b) a want
  38. 38.True or false: “bus fare to school” is a need. (a) False (b) True
  39. 39.🔍 Which is the odd one out? (a) a toy robot (b) a warm blanket (c) a party dress (d) a fancy phone cover
  40. 40.True or false: “a school uniform” is a need. (a) False (b) True

Answer key

  1. False
  2. a toy robot
  3. we must have to live
  4. a want
  5. drinking water
  6. False
  7. True
  8. umbrellas and raincoats
  9. people always need them
  10. a need
  11. many people want it
  12. a need: food
  13. a want
  14. a warm blanket
  15. a want
  16. True
  17. school shoes
  18. bus fare to school
  19. a need
  20. sweets every day
  21. a third pair of shoes
  22. False
  23. a school uniform
  24. the needs
  25. True
  26. a toy robot
  27. sweets every day
  28. a need
  29. medicine when ill
  30. a want
  31. a need
  32. False
  33. drinking water
  34. True
  35. soap
  36. a want
  37. a want
  38. True
  39. a warm blanket
  40. True

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