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