Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 508 · 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 needs (b) the most fun thing (c) the costliest thing (d) the wants
2. 2.Which of these is a want? (a) medicine when ill (b) sweets every day (c) drinking water (d) a school uniform
3. 3.🛒 Need or want: a sticker album? (a) a want (b) a need
4. 4.Which of these is a need? (a) designer sunglasses (b) a toy robot (c) a bigger TV (d) a roof over your head
5. 5.Which of these is a want? (a) bus fare to school (b) school shoes (c) a fancy phone cover (d) drinking water
6. 6.True or false: “medicine when ill” is a want. (a) False (b) True
7. 7.Which of these is a need? (a) a party dress (b) soap (c) designer sunglasses (d) a bigger TV
8. 8.🔍 Which is the odd one out? (a) a school uniform (b) bus fare to school (c) a fancy phone cover (d) rice and dal
9. 9.True or false: “sweets every day” is a want. (a) False (b) True
10. 10.🔍 Which is the odd one out? (a) a glitter pen set (b) a warm blanket (c) medicine when ill (d) bus fare to school
11. 11.🛍️ 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
12. 12.🔍 Which is the odd one out? (a) school shoes (b) bus fare to school (c) a roof over your head (d) a bigger TV
13. 13.True or false: “a warm blanket” is a want. (a) True (b) False
14. 14.🔍 Which is the odd one out? (a) a third pair of shoes (b) a fancy phone cover (c) a toy robot (d) notebooks for school
15. 15.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
16. 16.True or false: “a toy robot” is a need. (a) True (b) False
17. 17.🎯 A want can still be a good business when… (a) it is not safe (b) nobody likes it (c) many people want it (d) it breaks the rules
18. 18.🛒 Need or want: a glitter pen set? (a) a want (b) a need
19. 19.True or false: “notebooks for school” is a need. (a) False (b) True
20. 20.🔍 Which is the odd one out? (a) rice and dal (b) a sticker album (c) a party dress (d) a video game
21. 21.🔍 Which is the odd one out? (a) a school uniform (b) a glitter pen set (c) a bigger TV (d) a video game
22. 22.🔍 Which is the odd one out? (a) a bigger TV (b) a sticker album (c) a glitter pen set (d) medicine when ill
23. 23.🛒 Need or want: bus fare to school? (a) a need (b) a want
24. 24.Which of these is a need? (a) a third pair of shoes (b) sweets every day (c) drinking water (d) a bigger TV
25. 25.🍱 A tiffin service mostly meets which? (a) a need: food (b) a want: games (c) a want: toys (d) nothing at all
26. 26.True or false: “a video game” is a want. (a) False (b) True
27. 27.🛒 Need or want: a party dress? (a) a need (b) a want
28. 28.💡 A need is something… (a) we must have to live (b) made of plastic (c) only rich people buy (d) nice but not needed
29. 29.True or false: “a warm blanket” is a need. (a) True (b) False
30. 30.🛒 Need or want: a toy robot? (a) a want (b) a need
31. 31.🛒 Need or want: a bigger TV? (a) a want (b) a need
32. 32.Which of these is a need? (a) school shoes (b) a glitter pen set (c) a toy robot (d) a video game
33. 33.🛒 Need or want: a video game? (a) a need (b) a want
34. 34.True or false: “school shoes” is a need. (a) True (b) False
35. 35.☔ In the monsoon, which would sell best at a school gate? (a) umbrellas and raincoats (b) paper kites (c) ice lollies (d) woollen sweaters
36. 36.🔍 Which is the odd one out? (a) sweets every day (b) a glitter pen set (c) soap (d) a party dress
37. 37.🔍 Which is the odd one out? (a) rice and dal (b) school shoes (c) soap (d) a video game
38. 38.🛒 Need or want: school shoes? (a) a need (b) a want
39. 39.True or false: “bus fare to school” is a want. (a) False (b) True
40. 40.Which of these is a want? (a) soap (b) a toy robot (c) bus fare to school (d) rice and dal

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