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Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 44 · 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.🎯 A want can still be a good business when… (a) many people want it (b) it breaks the rules (c) nobody likes it (d) it is not safe
  2. 2.🛒 Need or want: medicine when ill? (a) a want (b) a need
  3. 3.🛒 A family has little money. What should it buy first? (a) the costliest thing (b) the most fun thing (c) the wants (d) the needs
  4. 4.Which of these is a need? (a) a third pair of shoes (b) sweets every day (c) medicine when ill (d) a bigger TV
  5. 5.True or false: “a toy robot” is a want. (a) True (b) False
  6. 6.🛒 Need or want: a roof over your head? (a) a want (b) a need
  7. 7.True or false: “a fancy phone cover” is a need. (a) True (b) False
  8. 8.Which of these is a want? (a) school shoes (b) a roof over your head (c) designer sunglasses (d) medicine when ill
  9. 9.🔍 Which is the odd one out? (a) soap (b) a third pair of shoes (c) a video game (d) a fancy phone cover
  10. 10.Which of these is a need? (a) a fancy phone cover (b) rice and dal (c) a glitter pen set (d) a video game
  11. 11.True or false: “notebooks for school” is a want. (a) True (b) False
  12. 12.Which of these is a want? (a) rice and dal (b) a fancy phone cover (c) medicine when ill (d) soap
  13. 13.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
  14. 14.True or false: “soap” is a need. (a) False (b) True
  15. 15.🔍 Which is the odd one out? (a) sweets every day (b) a sticker album (c) a warm blanket (d) a third pair of shoes
  16. 16.Which of these is a need? (a) sweets every day (b) a glitter pen set (c) designer sunglasses (d) school shoes
  17. 17.True or false: “a party dress” is a want. (a) True (b) False
  18. 18.🛒 Need or want: a toy robot? (a) a need (b) a want
  19. 19.🛒 Need or want: a warm blanket? (a) a want (b) a need
  20. 20.Which of these is a want? (a) drinking water (b) rice and dal (c) medicine when ill (d) a bigger TV
  21. 21.Which of these is a need? (a) a roof over your head (b) a party dress (c) a glitter pen set (d) a bigger TV
  22. 22.🛒 Need or want: rice and dal? (a) a need (b) a want
  23. 23.Which of these is a want? (a) notebooks for school (b) school shoes (c) a roof over your head (d) a party dress
  24. 24.Which of these is a want? (a) soap (b) sweets every day (c) school shoes (d) medicine when ill
  25. 25.True or false: “designer sunglasses” is a need. (a) True (b) False
  26. 26.🛒 Need or want: a glitter pen set? (a) a want (b) a need
  27. 27.❄️ On a cold winter morning, which stall would most people want? (a) ice lollies (b) water guns (c) paper fans (d) hot drinks
  28. 28.💡 A need is something… (a) made of plastic (b) nice but not needed (c) we must have to live (d) only rich people buy
  29. 29.🔍 Which is the odd one out? (a) a sticker album (b) rice and dal (c) bus fare to school (d) medicine when ill
  30. 30.🛒 Need or want: a bigger TV? (a) a want (b) a need
  31. 31.True or false: “medicine when ill” is a want. (a) True (b) False
  32. 32.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
  33. 33.True or false: “a sticker album” is a want. (a) True (b) False
  34. 34.🛒 Need or want: designer sunglasses? (a) a want (b) a need
  35. 35.🛒 Need or want: notebooks for school? (a) a want (b) a need
  36. 36.Which of these is a want? (a) notebooks for school (b) a school uniform (c) a sticker album (d) rice and dal
  37. 37.🔍 Which is the odd one out? (a) bus fare to school (b) a fancy phone cover (c) a toy robot (d) designer sunglasses
  38. 38.🛍️ Why do businesses that meet needs often sell all year? (a) needs are toys (b) nobody buys needs (c) people always need them (d) needs are always free
  39. 39.🔍 Which is the odd one out? (a) a glitter pen set (b) sweets every day (c) drinking water (d) designer sunglasses
  40. 40.True or false: “a party dress” is a need. (a) True (b) False

Answer key

  1. many people want it
  2. a need
  3. the needs
  4. medicine when ill
  5. True
  6. a need
  7. False
  8. designer sunglasses
  9. soap
  10. rice and dal
  11. False
  12. a fancy phone cover
  13. a want
  14. True
  15. a warm blanket
  16. school shoes
  17. True
  18. a want
  19. a need
  20. a bigger TV
  21. a roof over your head
  22. a need
  23. a party dress
  24. sweets every day
  25. False
  26. a want
  27. hot drinks
  28. we must have to live
  29. a sticker album
  30. a want
  31. False
  32. a want
  33. True
  34. a want
  35. a need
  36. a sticker album
  37. bus fare to school
  38. people always need them
  39. drinking water
  40. False

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