Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 547 · 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 most fun thing (b) the needs (c) the wants (d) the costliest thing
2. 2.Which of these is a need? (a) sweets every day (b) a bigger TV (c) a warm blanket (d) a sticker album
3. 3.🛒 Need or want: soap? (a) a need (b) a want
4. 4.🔍 Which is the odd one out? (a) a bigger TV (b) medicine when ill (c) sweets every day (d) a fancy phone cover
5. 5.True or false: “a bigger TV” is a want. (a) False (b) True
6. 6.🛒 Need or want: a third pair of shoes? (a) a want (b) a need
7. 7.Which of these is a want? (a) soap (b) notebooks for school (c) rice and dal (d) a toy robot
8. 8.True or false: “a toy robot” is a need. (a) True (b) False
9. 9.🔍 Which is the odd one out? (a) soap (b) school shoes (c) sweets every day (d) notebooks for school
10. 10.💡 A need is something… (a) we must have to live (b) only rich people buy (c) made of plastic (d) nice but not needed
11. 11.🔍 Which is the odd one out? (a) drinking water (b) designer sunglasses (c) notebooks for school (d) medicine when ill
12. 12.Which of these is a need? (a) drinking water (b) a fancy phone cover (c) a bigger TV (d) a glitter pen set
13. 13.Which of these is a want? (a) bus fare to school (b) rice and dal (c) a school uniform (d) a video game
14. 14.Which of these is a want? (a) a roof over your head (b) drinking water (c) medicine when ill (d) a fancy phone cover
15. 15.🔍 Which is the odd one out? (a) a fancy phone cover (b) medicine when ill (c) a warm blanket (d) notebooks for school
16. 16.🔍 Which is the odd one out? (a) a video game (b) a third pair of shoes (c) sweets every day (d) soap
17. 17.True or false: “a bigger TV” is a need. (a) False (b) True
18. 18.🎯 A want can still be a good business when… (a) it is not safe (b) it breaks the rules (c) many people want it (d) nobody likes it
19. 19.🛒 Need or want: a school uniform? (a) a want (b) a need
20. 20.True or false: “drinking water” is a need. (a) True (b) False
21. 21.🛒 Need or want: sweets every day? (a) a need (b) a want
22. 22.🛒 Need or want: notebooks for school? (a) a want (b) a need
23. 23.True or false: “rice and dal” is a need. (a) False (b) True
24. 24.🍱 A tiffin service mostly meets which? (a) a want: toys (b) a need: food (c) nothing at all (d) a want: games
25. 25.Which of these is a want? (a) a roof over your head (b) designer sunglasses (c) bus fare to school (d) soap
26. 26.🛒 Need or want: a party dress? (a) a want (b) a need
27. 27.🛍️ Why do businesses that meet needs often sell all year? (a) needs are toys (b) needs are always free (c) nobody buys needs (d) people always need them
28. 28.True or false: “sweets every day” is a want. (a) True (b) False
29. 29.Which of these is a want? (a) drinking water (b) rice and dal (c) a school uniform (d) a third pair of shoes
30. 30.🔍 Which is the odd one out? (a) drinking water (b) a fancy phone cover (c) a toy robot (d) a sticker album
31. 31.🛒 Need or want: rice and dal? (a) a want (b) a need
32. 32.True or false: “designer sunglasses” is a need. (a) True (b) False
33. 33.🔍 Which is the odd one out? (a) a third pair of shoes (b) school shoes (c) medicine when ill (d) notebooks for school
34. 34.True or false: “medicine when ill” is a want. (a) True (b) False
35. 35.Which of these is a want? (a) school shoes (b) a sticker album (c) bus fare to school (d) a warm blanket
36. 36.🛒 Need or want: drinking water? (a) a want (b) a need
37. 37.🛒 Need or want: a sticker album? (a) a want (b) a need
38. 38.Which of these is a need? (a) a bigger TV (b) a toy robot (c) bus fare to school (d) a glitter pen set
39. 39.True or false: “a glitter pen set” is a want. (a) True (b) False
40. 40.Which of these is a need? (a) a school uniform (b) a glitter pen set (c) a party dress (d) designer sunglasses

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