Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 341 · 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: school shoes? (a) a need (b) a want
2. 2.True or false: “medicine when ill” is a want. (a) False (b) True
3. 3.🛒 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
4. 4.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) hot drinks (c) water guns (d) ice lollies
5. 5.🍱 A tiffin service mostly meets which? (a) a need: food (b) a want: games (c) nothing at all (d) a want: toys
6. 6.🛒 Need or want: a video game? (a) a need (b) a want
7. 7.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
8. 8.🔍 Which is the odd one out? (a) rice and dal (b) a sticker album (c) designer sunglasses (d) a bigger TV
9. 9.🔍 Which is the odd one out? (a) a sticker album (b) soap (c) a party dress (d) a glitter pen set
10. 10.🛒 Need or want: a sticker album? (a) a want (b) a need
11. 11.🔍 Which is the odd one out? (a) a school uniform (b) bus fare to school (c) rice and dal (d) a bigger TV
12. 12.True or false: “a glitter pen set” is a want. (a) True (b) False
13. 13.True or false: “soap” is a need. (a) True (b) False
14. 14.True or false: “soap” is a want. (a) False (b) True
15. 15.True or false: “a third pair of shoes” is a need. (a) False (b) True
16. 16.True or false: “a school uniform” is a want. (a) False (b) True
17. 17.🛒 Need or want: designer sunglasses? (a) a need (b) a want
18. 18.🛍️ 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
19. 19.True or false: “a bigger TV” is a need. (a) True (b) False
20. 20.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) paper kites (c) umbrellas and raincoats (d) ice lollies
21. 21.🛒 Need or want: notebooks for school? (a) a need (b) a want
22. 22.True or false: “a sticker album” is a need. (a) False (b) True
23. 23.Which of these is a need? (a) a third pair of shoes (b) sweets every day (c) a warm blanket (d) a bigger TV
24. 24.🛒 Need or want: rice and dal? (a) a need (b) a want
25. 25.🔍 Which is the odd one out? (a) a school uniform (b) a video game (c) a bigger TV (d) a third pair of shoes
26. 26.True or false: “a party dress” is a want. (a) True (b) False
27. 27.🎯 A want can still be a good business when… (a) it breaks the rules (b) it is not safe (c) many people want it (d) nobody likes it
28. 28.🛒 Need or want: a school uniform? (a) a need (b) a want
29. 29.True or false: “a fancy phone cover” is a need. (a) False (b) True
30. 30.True or false: “a toy robot” is a want. (a) True (b) False
31. 31.True or false: “a sticker album” is a want. (a) False (b) True
32. 32.🛒 Need or want: a bigger TV? (a) a need (b) a want
33. 33.True or false: “a roof over your head” is a want. (a) False (b) True
34. 34.🔍 Which is the odd one out? (a) a toy robot (b) a bigger TV (c) a sticker album (d) drinking water
35. 35.🛒 Need or want: sweets every day? (a) a need (b) a want
36. 36.💡 A need is something… (a) nice but not needed (b) only rich people buy (c) we must have to live (d) made of plastic
37. 37.🔍 Which is the odd one out? (a) a party dress (b) a glitter pen set (c) a bigger TV (d) medicine when ill
38. 38.Which of these is a need? (a) a party dress (b) a fancy phone cover (c) a third pair of shoes (d) medicine when ill
39. 39.🔍 Which is the odd one out? (a) sweets every day (b) a bigger TV (c) a video game (d) a warm blanket
40. 40.🛒 Need or want: drinking water? (a) a want (b) a need

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