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