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: “a fancy phone cover” is a want. (a) True (b) False
- 2.🔍 Which is the odd one out? (a) a school uniform (b) notebooks for school (c) medicine when ill (d) a glitter pen set
- 3.🛒 Need or want: a school uniform? (a) a need (b) a want
- 4.🔍 Which is the odd one out? (a) soap (b) designer sunglasses (c) a glitter pen set (d) a video game
- 5.💡 A need is something… (a) we must have to live (b) only rich people buy (c) made of plastic (d) nice but not needed
- 6.❄️ On a cold winter morning, which stall would most people want? (a) water guns (b) ice lollies (c) hot drinks (d) paper fans
- 7.Which of these is a need? (a) a roof over your head (b) a glitter pen set (c) sweets every day (d) a video game
- 8.True or false: “rice and dal” is a need. (a) True (b) False
- 9.Which of these is a need? (a) a warm blanket (b) a third pair of shoes (c) a party dress (d) a toy robot
- 10.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
- 11.🛒 Need or want: a glitter pen set? (a) a need (b) a want
- 12.Which of these is a need? (a) drinking water (b) a toy robot (c) a glitter pen set (d) designer sunglasses
- 13.🛒 Need or want: medicine when ill? (a) a want (b) a need
- 14.Which of these is a want? (a) a roof over your head (b) medicine when ill (c) a school uniform (d) a glitter pen set
- 15.True or false: “a sticker album” is a want. (a) True (b) False
- 16.🛍️ 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
- 17.🛒 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
- 18.🛒 Need or want: soap? (a) a need (b) a want
- 19.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) umbrellas and raincoats (c) paper kites (d) ice lollies
- 20.True or false: “a glitter pen set” is a need. (a) True (b) False
- 21.🛒 Need or want: school shoes? (a) a want (b) a need
- 22.🛒 Need or want: a video game? (a) a want (b) a need
- 23.Which of these is a want? (a) a sticker album (b) medicine when ill (c) soap (d) bus fare to school
- 24.Which of these is a want? (a) a school uniform (b) a bigger TV (c) school shoes (d) soap
- 25.Which of these is a need? (a) a glitter pen set (b) sweets every day (c) school shoes (d) a bigger TV
- 26.True or false: “a toy robot” is a need. (a) True (b) False
- 27.True or false: “medicine when ill” is a want. (a) False (b) True
- 28.Which of these is a want? (a) a warm blanket (b) medicine when ill (c) drinking water (d) a party dress
- 29.Which of these is a need? (a) a sticker album (b) a video game (c) a school uniform (d) a glitter pen set
- 30.🛒 Need or want: sweets every day? (a) a need (b) a want
- 31.Which of these is a want? (a) notebooks for school (b) drinking water (c) a roof over your head (d) designer sunglasses
- 32.True or false: “a warm blanket” is a want. (a) False (b) True
- 33.🔍 Which is the odd one out? (a) a fancy phone cover (b) a sticker album (c) bus fare to school (d) sweets every day
- 34.🛒 Need or want: a warm blanket? (a) a want (b) a need
- 35.🔍 Which is the odd one out? (a) designer sunglasses (b) sweets every day (c) a school uniform (d) a toy robot
- 36.True or false: “designer sunglasses” is a need. (a) True (b) False
- 37.True or false: “a warm blanket” is a need. (a) True (b) False
- 38.🔍 Which is the odd one out? (a) notebooks for school (b) sweets every day (c) a roof over your head (d) drinking water
- 39.True or false: “a bigger TV” is a want. (a) True (b) False
- 40.True or false: “a glitter pen set” is a want. (a) True (b) False
Answer key
- True
- a glitter pen set
- a need
- soap
- we must have to live
- hot drinks
- a roof over your head
- True
- a warm blanket
- a want
- a want
- drinking water
- a need
- a glitter pen set
- True
- people always need them
- the needs
- a need
- umbrellas and raincoats
- False
- a need
- a want
- a sticker album
- a bigger TV
- school shoes
- False
- False
- a party dress
- a school uniform
- a want
- designer sunglasses
- False
- bus fare to school
- a need
- a school uniform
- False
- True
- sweets every day
- True
- True
Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids