Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 52 · 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 need? (a) a warm blanket (b) a third pair of shoes (c) a sticker album (d) a video game
3. 3.Which of these is a need? (a) a third pair of shoes (b) school shoes (c) a bigger TV (d) a sticker album
4. 4.🛍️ Why do businesses that meet needs often sell all year? (a) needs are always free (b) needs are toys (c) nobody buys needs (d) people always need them
5. 5.🍱 A tiffin service mostly meets which? (a) nothing at all (b) a want: toys (c) a need: food (d) a want: games
6. 6.🔍 Which is the odd one out? (a) school shoes (b) a party dress (c) a third pair of shoes (d) a sticker album
7. 7.True or false: “a sticker album” is a need. (a) True (b) False
8. 8.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
9. 9.True or false: “rice and dal” is a need. (a) True (b) False
10. 10.True or false: “designer sunglasses” is a want. (a) True (b) False
11. 11.🔍 Which is the odd one out? (a) a roof over your head (b) a sticker album (c) medicine when ill (d) notebooks for school
12. 12.🛒 Need or want: a video game? (a) a want (b) a need
13. 13.Which of these is a need? (a) notebooks for school (b) a sticker album (c) designer sunglasses (d) a video game
14. 14.🛒 Need or want: a party dress? (a) a need (b) a want
15. 15.🔍 Which is the odd one out? (a) a bigger TV (b) a party dress (c) notebooks for school (d) a toy robot
16. 16.🔍 Which is the odd one out? (a) sweets every day (b) a fancy phone cover (c) soap (d) a video game
17. 17.True or false: “a fancy phone cover” is a need. (a) True (b) False
18. 18.True or false: “school shoes” is a want. (a) False (b) True
19. 19.🛒 Need or want: a sticker album? (a) a want (b) a need
20. 20.🛒 Need or want: a toy robot? (a) a need (b) a want
21. 21.🔍 Which is the odd one out? (a) a roof over your head (b) designer sunglasses (c) soap (d) rice and dal
22. 22.🛒 Need or want: a glitter pen set? (a) a want (b) a need
23. 23.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
24. 24.🛒 Need or want: bus fare to school? (a) a need (b) a want
25. 25.True or false: “soap” is a want. (a) False (b) True
26. 26.True or false: “a roof over your head” is a want. (a) False (b) True
27. 27.🛒 Need or want: drinking water? (a) a want (b) a need
28. 28.☔ In the monsoon, which would sell best at a school gate? (a) paper kites (b) ice lollies (c) umbrellas and raincoats (d) woollen sweaters
29. 29.❄️ On a cold winter morning, which stall would most people want? (a) hot drinks (b) paper fans (c) ice lollies (d) water guns
30. 30.🔍 Which is the odd one out? (a) a glitter pen set (b) a fancy phone cover (c) a school uniform (d) designer sunglasses
31. 31.True or false: “sweets every day” is a want. (a) False (b) True
32. 32.Which of these is a need? (a) rice and dal (b) a toy robot (c) a glitter pen set (d) a third pair of shoes
33. 33.Which of these is a want? (a) drinking water (b) a warm blanket (c) bus fare to school (d) designer sunglasses
34. 34.True or false: “a bigger TV” is a want. (a) False (b) True
35. 35.🔍 Which is the odd one out? (a) a toy robot (b) a party dress (c) drinking water (d) sweets every day
36. 36.Which of these is a need? (a) a video game (b) a sticker album (c) a party dress (d) bus fare to school
37. 37.🔍 Which is the odd one out? (a) a third pair of shoes (b) a glitter pen set (c) designer sunglasses (d) bus fare to school
38. 38.Which of these is a want? (a) drinking water (b) a roof over your head (c) sweets every day (d) school shoes
39. 39.Which of these is a need? (a) designer sunglasses (b) a fancy phone cover (c) a school uniform (d) a video game
40. 40.Which of these is a want? (a) a roof over your head (b) a third pair of shoes (c) bus fare to school (d) drinking water

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