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Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 47 · 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.True or false: “soap” is a need. (a) True (b) False
  2. 2.🔍 Which is the odd one out? (a) school shoes (b) bus fare to school (c) sweets every day (d) a school uniform
  3. 3.Which of these is a need? (a) a party dress (b) a sticker album (c) a warm blanket (d) a glitter pen set
  4. 4.🔍 Which is the odd one out? (a) a fancy phone cover (b) bus fare to school (c) rice and dal (d) notebooks for school
  5. 5.True or false: “a party dress” is a need. (a) False (b) True
  6. 6.🎯 A want can still be a good business when… (a) nobody likes it (b) many people want it (c) it is not safe (d) it breaks the rules
  7. 7.True or false: “sweets every day” is a want. (a) True (b) False
  8. 8.💡 A need is something… (a) nice but not needed (b) only rich people buy (c) made of plastic (d) we must have to live
  9. 9.🛒 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
  10. 10.🔍 Which is the odd one out? (a) designer sunglasses (b) a warm blanket (c) notebooks for school (d) soap
  11. 11.Which of these is a want? (a) drinking water (b) a fancy phone cover (c) rice and dal (d) school shoes
  12. 12.🔍 Which is the odd one out? (a) bus fare to school (b) rice and dal (c) a bigger TV (d) drinking water
  13. 13.True or false: “a warm blanket” is a need. (a) False (b) True
  14. 14.🛒 Need or want: a school uniform? (a) a need (b) a want
  15. 15.Which of these is a need? (a) a fancy phone cover (b) a glitter pen set (c) a toy robot (d) a school uniform
  16. 16.🍱 A tiffin service mostly meets which? (a) a need: food (b) a want: games (c) nothing at all (d) a want: toys
  17. 17.True or false: “drinking water” is a need. (a) False (b) True
  18. 18.Which of these is a need? (a) notebooks for school (b) a bigger TV (c) a third pair of shoes (d) a glitter pen set
  19. 19.🛒 Need or want: a video game? (a) a want (b) a need
  20. 20.True or false: “a glitter pen set” is a need. (a) True (b) False
  21. 21.🛍️ Why do businesses that meet needs often sell all year? (a) people always need them (b) nobody buys needs (c) needs are toys (d) needs are always free
  22. 22.True or false: “a school uniform” is a want. (a) True (b) False
  23. 23.🛒 Need or want: school shoes? (a) a need (b) a want
  24. 24.🔍 Which is the odd one out? (a) a sticker album (b) notebooks for school (c) medicine when ill (d) soap
  25. 25.Which of these is a need? (a) a sticker album (b) a glitter pen set (c) designer sunglasses (d) medicine when ill
  26. 26.Which of these is a want? (a) soap (b) medicine when ill (c) bus fare to school (d) sweets every day
  27. 27.🔍 Which is the odd one out? (a) school shoes (b) bus fare to school (c) soap (d) a glitter pen set
  28. 28.Which of these is a want? (a) soap (b) notebooks for school (c) designer sunglasses (d) school shoes
  29. 29.True or false: “drinking water” is a want. (a) True (b) False
  30. 30.True or false: “a glitter pen set” is a want. (a) False (b) True
  31. 31.🔍 Which is the odd one out? (a) a roof over your head (b) drinking water (c) a third pair of shoes (d) medicine when ill
  32. 32.Which of these is a want? (a) school shoes (b) soap (c) a party dress (d) rice and dal
  33. 33.🛒 Need or want: a sticker album? (a) a want (b) a need
  34. 34.🛒 Need or want: a warm blanket? (a) a want (b) a need
  35. 35.True or false: “a video game” is a need. (a) False (b) True
  36. 36.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) hot drinks (c) ice lollies (d) water guns
  37. 37.True or false: “a school uniform” is a need. (a) True (b) False
  38. 38.🛒 Need or want: rice and dal? (a) a need (b) a want
  39. 39.Which of these is a want? (a) a glitter pen set (b) bus fare to school (c) a school uniform (d) rice and dal
  40. 40.🛒 Need or want: a toy robot? (a) a want (b) a need

Answer key

  1. True
  2. sweets every day
  3. a warm blanket
  4. a fancy phone cover
  5. False
  6. many people want it
  7. True
  8. we must have to live
  9. the needs
  10. designer sunglasses
  11. a fancy phone cover
  12. a bigger TV
  13. True
  14. a need
  15. a school uniform
  16. a need: food
  17. True
  18. notebooks for school
  19. a want
  20. False
  21. people always need them
  22. False
  23. a need
  24. a sticker album
  25. medicine when ill
  26. sweets every day
  27. a glitter pen set
  28. designer sunglasses
  29. False
  30. True
  31. a third pair of shoes
  32. a party dress
  33. a want
  34. a need
  35. False
  36. hot drinks
  37. True
  38. a need
  39. a glitter pen set
  40. a want

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