Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 320 · 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.🛒 Need or want: sweets every day? (a) a need (b) a want
2. 2.🔍 Which is the odd one out? (a) a party dress (b) notebooks for school (c) a warm blanket (d) soap
3. 3.🛒 Need or want: a warm blanket? (a) a want (b) a need
4. 4.🛒 A family has little money. What should it buy first? (a) the costliest thing (b) the needs (c) the most fun thing (d) the wants
5. 5.🛒 Need or want: a glitter pen set? (a) a need (b) a want
6. 6.🔍 Which is the odd one out? (a) a video game (b) a party dress (c) a glitter pen set (d) medicine when ill
7. 7.True or false: “bus fare to school” is a need. (a) False (b) True
8. 8.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
9. 9.🛒 Need or want: a bigger TV? (a) a need (b) a want
10. 10.True or false: “a school uniform” is a need. (a) False (b) True
11. 11.Which of these is a want? (a) soap (b) designer sunglasses (c) rice and dal (d) notebooks for school
12. 12.Which of these is a want? (a) a school uniform (b) soap (c) bus fare to school (d) a third pair of shoes
13. 13.True or false: “designer sunglasses” is a want. (a) True (b) False
14. 14.🛒 Need or want: a school uniform? (a) a need (b) a want
15. 15.🛒 Need or want: a roof over your head? (a) a want (b) a need
16. 16.Which of these is a want? (a) a school uniform (b) school shoes (c) soap (d) a video game
17. 17.Which of these is a need? (a) a sticker album (b) a third pair of shoes (c) a roof over your head (d) a video game
18. 18.True or false: “a bigger TV” is a need. (a) True (b) False
19. 19.🛒 Need or want: drinking water? (a) a want (b) a need
20. 20.🛒 Need or want: school shoes? (a) a want (b) a need
21. 21.❄️ On a cold winter morning, which stall would most people want? (a) ice lollies (b) paper fans (c) hot drinks (d) water guns
22. 22.True or false: “a third pair of shoes” is a want. (a) True (b) False
23. 23.🛍️ Why do businesses that meet needs often sell all year? (a) needs are toys (b) needs are always free (c) people always need them (d) nobody buys needs
24. 24.True or false: “notebooks for school” is a need. (a) True (b) False
25. 25.True or false: “soap” is a want. (a) True (b) False
26. 26.True or false: “medicine when ill” is a want. (a) True (b) False
27. 27.Which of these is a need? (a) a third pair of shoes (b) rice and dal (c) a bigger TV (d) sweets every day
28. 28.Which of these is a want? (a) a bigger TV (b) a warm blanket (c) a school uniform (d) soap
29. 29.🎯 A want can still be a good business when… (a) nobody likes it (b) it is not safe (c) many people want it (d) it breaks the rules
30. 30.💡 A need is something… (a) only rich people buy (b) nice but not needed (c) we must have to live (d) made of plastic
31. 31.Which of these is a want? (a) a roof over your head (b) school shoes (c) a warm blanket (d) a party dress
32. 32.True or false: “a bigger TV” is a want. (a) True (b) False
33. 33.🔍 Which is the odd one out? (a) a video game (b) rice and dal (c) notebooks for school (d) drinking water
34. 34.True or false: “a sticker album” is a want. (a) True (b) False
35. 35.🔍 Which is the odd one out? (a) rice and dal (b) a party dress (c) a fancy phone cover (d) a video game
36. 36.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
37. 37.🛒 Need or want: medicine when ill? (a) a want (b) a need
38. 38.Which of these is a need? (a) medicine when ill (b) designer sunglasses (c) a third pair of shoes (d) a bigger TV
39. 39.True or false: “a fancy phone cover” is a need. (a) True (b) False
40. 40.🛒 Need or want: a video game? (a) a need (b) a want

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