Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 390 · 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.True or false: “rice and dal” is a need. (a) True (b) False
2. 2.🎯 A want can still be a good business when… (a) it breaks the rules (b) it is not safe (c) nobody likes it (d) many people want it
3. 3.🛒 Need or want: sweets every day? (a) a want (b) a need
4. 4.💡 A need is something… (a) nice but not needed (b) only rich people buy (c) we must have to live (d) made of plastic
5. 5.🛒 Need or want: drinking water? (a) a need (b) a want
6. 6.🛒 A family has little money. What should it buy first? (a) the costliest thing (b) the wants (c) the most fun thing (d) the needs
7. 7.Which of these is a want? (a) school shoes (b) a toy robot (c) a warm blanket (d) drinking water
8. 8.🍱 A tiffin service mostly meets which? (a) a need: food (b) a want: toys (c) nothing at all (d) a want: games
9. 9.True or false: “a warm blanket” is a need. (a) False (b) True
10. 10.🛒 Need or want: a bigger TV? (a) a need (b) a want
11. 11.True or false: “a sticker album” is a need. (a) False (b) True
12. 12.🛍️ Why do businesses that meet needs often sell all year? (a) needs are toys (b) people always need them (c) needs are always free (d) nobody buys needs
13. 13.Which of these is a want? (a) bus fare to school (b) soap (c) designer sunglasses (d) drinking water
14. 14.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
15. 15.True or false: “bus fare to school” is a want. (a) True (b) False
16. 16.Which of these is a need? (a) medicine when ill (b) designer sunglasses (c) a sticker album (d) a party dress
17. 17.True or false: “a toy robot” is a need. (a) False (b) True
18. 18.True or false: “sweets every day” is a want. (a) False (b) True
19. 19.True or false: “a fancy phone cover” is a need. (a) True (b) False
20. 20.❄️ On a cold winter morning, which stall would most people want? (a) water guns (b) ice lollies (c) hot drinks (d) paper fans
21. 21.Which of these is a need? (a) designer sunglasses (b) sweets every day (c) a video game (d) a roof over your head
22. 22.Which of these is a want? (a) bus fare to school (b) a warm blanket (c) a sticker album (d) school shoes
23. 23.True or false: “bus fare to school” is a need. (a) False (b) True
24. 24.Which of these is a need? (a) a video game (b) rice and dal (c) designer sunglasses (d) a bigger TV
25. 25.🔍 Which is the odd one out? (a) a school uniform (b) a warm blanket (c) notebooks for school (d) a glitter pen set
26. 26.Which of these is a need? (a) a bigger TV (b) notebooks for school (c) a toy robot (d) designer sunglasses
27. 27.True or false: “designer sunglasses” is a want. (a) True (b) False
28. 28.Which of these is a want? (a) a fancy phone cover (b) a school uniform (c) notebooks for school (d) drinking water
29. 29.🔍 Which is the odd one out? (a) a roof over your head (b) rice and dal (c) a party dress (d) a school uniform
30. 30.🔍 Which is the odd one out? (a) a fancy phone cover (b) notebooks for school (c) designer sunglasses (d) a toy robot
31. 31.True or false: “rice and dal” is a want. (a) True (b) False
32. 32.☔ In the monsoon, which would sell best at a school gate? (a) ice lollies (b) paper kites (c) woollen sweaters (d) umbrellas and raincoats
33. 33.🛒 Need or want: a third pair of shoes? (a) a want (b) a need
34. 34.True or false: “a party dress” is a need. (a) False (b) True
35. 35.🔍 Which is the odd one out? (a) sweets every day (b) a bigger TV (c) a glitter pen set (d) drinking water
36. 36.🛒 Need or want: a warm blanket? (a) a want (b) a need
37. 37.🛒 Need or want: a party dress? (a) a want (b) a need
38. 38.🔍 Which is the odd one out? (a) rice and dal (b) drinking water (c) medicine when ill (d) a fancy phone cover
39. 39.🔍 Which is the odd one out? (a) a fancy phone cover (b) a glitter pen set (c) rice and dal (d) a bigger TV
40. 40.True or false: “sweets every day” is a need. (a) True (b) False

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