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Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 370 · 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: “medicine when ill” is a want. (a) True (b) False
  2. 2.🛒 Need or want: a toy robot? (a) a need (b) a want
  3. 3.🛒 Need or want: drinking water? (a) a want (b) a need
  4. 4.❄️ On a cold winter morning, which stall would most people want? (a) ice lollies (b) hot drinks (c) paper fans (d) water guns
  5. 5.True or false: “school shoes” is a want. (a) False (b) True
  6. 6.True or false: “a warm blanket” is a need. (a) True (b) False
  7. 7.True or false: “bus fare to school” is a want. (a) False (b) True
  8. 8.True or false: “medicine when ill” is a need. (a) False (b) True
  9. 9.🛒 Need or want: school shoes? (a) a want (b) a need
  10. 10.🛒 Need or want: a warm blanket? (a) a want (b) a need
  11. 11.💡 A need is something… (a) we must have to live (b) made of plastic (c) nice but not needed (d) only rich people buy
  12. 12.Which of these is a need? (a) a toy robot (b) a video game (c) soap (d) designer sunglasses
  13. 13.True or false: “a roof over your head” is a need. (a) False (b) True
  14. 14.True or false: “a bigger TV” is a need. (a) True (b) False
  15. 15.Which of these is a need? (a) a third pair of shoes (b) a warm blanket (c) designer sunglasses (d) a fancy phone cover
  16. 16.☔ In the monsoon, which would sell best at a school gate? (a) ice lollies (b) umbrellas and raincoats (c) paper kites (d) woollen sweaters
  17. 17.🎯 A want can still be a good business when… (a) it is not safe (b) many people want it (c) nobody likes it (d) it breaks the rules
  18. 18.🛒 A family has little money. What should it buy first? (a) the most fun thing (b) the needs (c) the costliest thing (d) the wants
  19. 19.🛒 Need or want: notebooks for school? (a) a want (b) a need
  20. 20.True or false: “a fancy phone cover” is a want. (a) True (b) False
  21. 21.True or false: “drinking water” is a want. (a) True (b) False
  22. 22.🛍️ 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
  23. 23.🛒 Need or want: soap? (a) a need (b) a want
  24. 24.🔍 Which is the odd one out? (a) a video game (b) a third pair of shoes (c) a toy robot (d) a school uniform
  25. 25.🔍 Which is the odd one out? (a) bus fare to school (b) school shoes (c) soap (d) a toy robot
  26. 26.Which of these is a need? (a) a toy robot (b) a glitter pen set (c) designer sunglasses (d) bus fare to school
  27. 27.True or false: “a school uniform” is a need. (a) False (b) True
  28. 28.Which of these is a need? (a) a sticker album (b) sweets every day (c) school shoes (d) a fancy phone cover
  29. 29.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
  30. 30.True or false: “a third pair of shoes” is a want. (a) True (b) False
  31. 31.🛒 Need or want: a sticker album? (a) a need (b) a want
  32. 32.🔍 Which is the odd one out? (a) medicine when ill (b) a party dress (c) a glitter pen set (d) a toy robot
  33. 33.🛒 Need or want: a glitter pen set? (a) a want (b) a need
  34. 34.🛒 Need or want: a roof over your head? (a) a need (b) a want
  35. 35.True or false: “bus fare to school” is a need. (a) True (b) False
  36. 36.🔍 Which is the odd one out? (a) rice and dal (b) school shoes (c) notebooks for school (d) designer sunglasses
  37. 37.🛒 Need or want: sweets every day? (a) a want (b) a need
  38. 38.🔍 Which is the odd one out? (a) a third pair of shoes (b) a warm blanket (c) bus fare to school (d) a school uniform
  39. 39.🔍 Which is the odd one out? (a) a glitter pen set (b) rice and dal (c) school shoes (d) a warm blanket
  40. 40.Which of these is a want? (a) a roof over your head (b) medicine when ill (c) a school uniform (d) a video game

Answer key

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

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