Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 458 · 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.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) ice lollies (c) paper kites (d) umbrellas and raincoats
2. 2.True or false: “a fancy phone cover” is a need. (a) True (b) False
3. 3.🎯 A want can still be a good business when… (a) many people want it (b) nobody likes it (c) it breaks the rules (d) it is not safe
4. 4.True or false: “sweets every day” is a need. (a) True (b) False
5. 5.Which of these is a need? (a) a third pair of shoes (b) a glitter pen set (c) a warm blanket (d) a video game
6. 6.🛒 Need or want: a bigger TV? (a) a need (b) a want
7. 7.Which of these is a want? (a) a roof over your head (b) notebooks for school (c) a fancy phone cover (d) drinking water
8. 8.Which of these is a want? (a) a sticker album (b) medicine when ill (c) drinking water (d) rice and dal
9. 9.Which of these is a want? (a) a party dress (b) a roof over your head (c) school shoes (d) notebooks for school
10. 10.True or false: “a bigger TV” is a need. (a) True (b) False
11. 11.True or false: “a toy robot” is a need. (a) False (b) True
12. 12.Which of these is a need? (a) a toy robot (b) designer sunglasses (c) notebooks for school (d) sweets every day
13. 13.🛒 Need or want: medicine when ill? (a) a want (b) a need
14. 14.🔍 Which is the odd one out? (a) drinking water (b) notebooks for school (c) school shoes (d) a sticker album
15. 15.🔍 Which is the odd one out? (a) designer sunglasses (b) a toy robot (c) a fancy phone cover (d) medicine when ill
16. 16.🔍 Which is the odd one out? (a) a fancy phone cover (b) a sticker album (c) a third pair of shoes (d) a school uniform
17. 17.True or false: “bus fare to school” is a want. (a) True (b) False
18. 18.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) water guns (c) hot drinks (d) ice lollies
19. 19.Which of these is a need? (a) designer sunglasses (b) a glitter pen set (c) a sticker album (d) a school uniform
20. 20.🛒 Need or want: rice and dal? (a) a want (b) a need
21. 21.🔍 Which is the odd one out? (a) notebooks for school (b) a sticker album (c) a bigger TV (d) a video game
22. 22.🛍️ Why do businesses that meet needs often sell all year? (a) nobody buys needs (b) needs are always free (c) people always need them (d) needs are toys
23. 23.True or false: “soap” is a need. (a) False (b) True
24. 24.True or false: “a glitter pen set” is a need. (a) False (b) True
25. 25.Which of these is a need? (a) a glitter pen set (b) a toy robot (c) rice and dal (d) a fancy phone cover
26. 26.🔍 Which is the odd one out? (a) bus fare to school (b) a roof over your head (c) a school uniform (d) a glitter pen set
27. 27.🛒 Need or want: bus fare to school? (a) a want (b) a need
28. 28.True or false: “sweets every day” is a want. (a) False (b) True
29. 29.🔍 Which is the odd one out? (a) designer sunglasses (b) drinking water (c) rice and dal (d) bus fare to school
30. 30.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
31. 31.💡 A need is something… (a) nice but not needed (b) only rich people buy (c) made of plastic (d) we must have to live
32. 32.True or false: “a video game” is a want. (a) True (b) False
33. 33.Which of these is a need? (a) a party dress (b) a video game (c) a roof over your head (d) sweets every day
34. 34.Which of these is a need? (a) school shoes (b) a toy robot (c) a third pair of shoes (d) a fancy phone cover
35. 35.True or false: “a sticker album” is a want. (a) True (b) False
36. 36.Which of these is a want? (a) designer sunglasses (b) medicine when ill (c) soap (d) school shoes
37. 37.🔍 Which is the odd one out? (a) a video game (b) designer sunglasses (c) school shoes (d) sweets every day
38. 38.🛒 Need or want: drinking water? (a) a want (b) a need
39. 39.🔍 Which is the odd one out? (a) a third pair of shoes (b) designer sunglasses (c) a roof over your head (d) a bigger TV
40. 40.🔍 Which is the odd one out? (a) bus fare to school (b) school shoes (c) a fancy phone cover (d) notebooks for school

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids