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