Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 497 · 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.🛒 A family has little money. What should it buy first? (a) the wants (b) the most fun thing (c) the needs (d) the costliest thing
2. 2.🔍 Which is the odd one out? (a) a party dress (b) a roof over your head (c) soap (d) rice and dal
3. 3.🔍 Which is the odd one out? (a) bus fare to school (b) a video game (c) a third pair of shoes (d) designer sunglasses
4. 4.Which of these is a need? (a) school shoes (b) a bigger TV (c) a sticker album (d) designer sunglasses
5. 5.🛒 Need or want: drinking water? (a) a want (b) a need
6. 6.True or false: “a roof over your head” is a want. (a) True (b) False
7. 7.Which of these is a need? (a) a bigger TV (b) a sticker album (c) a party dress (d) bus fare to school
8. 8.True or false: “a fancy phone cover” is a want. (a) False (b) True
9. 9.Which of these is a need? (a) a glitter pen set (b) rice and dal (c) sweets every day (d) designer sunglasses
10. 10.🔍 Which is the odd one out? (a) a third pair of shoes (b) a fancy phone cover (c) a video game (d) notebooks for school
11. 11.True or false: “rice and dal” is a want. (a) False (b) True
12. 12.🍱 A tiffin service mostly meets which? (a) a want: toys (b) a need: food (c) a want: games (d) nothing at all
13. 13.True or false: “sweets every day” is a need. (a) True (b) False
14. 14.🔍 Which is the odd one out? (a) a school uniform (b) a fancy phone cover (c) rice and dal (d) school shoes
15. 15.Which of these is a need? (a) a glitter pen set (b) drinking water (c) a fancy phone cover (d) a toy robot
16. 16.True or false: “bus fare to school” is a want. (a) False (b) True
17. 17.Which of these is a want? (a) drinking water (b) a school uniform (c) rice and dal (d) a sticker album
18. 18.🎯 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
19. 19.🔍 Which is the odd one out? (a) school shoes (b) designer sunglasses (c) a fancy phone cover (d) a sticker album
20. 20.Which of these is a want? (a) a warm blanket (b) notebooks for school (c) bus fare to school (d) a fancy phone cover
21. 21.☔ In the monsoon, which would sell best at a school gate? (a) ice lollies (b) paper kites (c) woollen sweaters (d) umbrellas and raincoats
22. 22.🔍 Which is the odd one out? (a) a third pair of shoes (b) bus fare to school (c) medicine when ill (d) soap
23. 23.🛍️ Why do businesses that meet needs often sell all year? (a) needs are always free (b) nobody buys needs (c) people always need them (d) needs are toys
24. 24.🛒 Need or want: a sticker album? (a) a need (b) a want
25. 25.True or false: “soap” is a want. (a) True (b) False
26. 26.❄️ On a cold winter morning, which stall would most people want? (a) water guns (b) paper fans (c) ice lollies (d) hot drinks
27. 27.🛒 Need or want: a toy robot? (a) a want (b) a need
28. 28.True or false: “designer sunglasses” is a need. (a) False (b) True
29. 29.True or false: “soap” is a need. (a) False (b) True
30. 30.True or false: “a bigger TV” is a need. (a) True (b) False
31. 31.True or false: “a sticker album” is a need. (a) True (b) False
32. 32.🛒 Need or want: a video game? (a) a need (b) a want
33. 33.🛒 Need or want: sweets every day? (a) a need (b) a want
34. 34.Which of these is a need? (a) a party dress (b) a toy robot (c) a glitter pen set (d) notebooks for school
35. 35.True or false: “school shoes” is a want. (a) True (b) False
36. 36.💡 A need is something… (a) nice but not needed (b) made of plastic (c) we must have to live (d) only rich people buy
37. 37.🛒 Need or want: a bigger TV? (a) a need (b) a want
38. 38.Which of these is a need? (a) medicine when ill (b) a party dress (c) a fancy phone cover (d) a sticker album
39. 39.Which of these is a want? (a) a warm blanket (b) drinking water (c) notebooks for school (d) a video game
40. 40.🛒 Need or want: soap? (a) a want (b) a need

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