Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 586 · 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 costliest thing (c) the needs (d) the most fun thing
2. 2.🛍️ 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
3. 3.True or false: “soap” is a want. (a) False (b) True
4. 4.True or false: “notebooks for school” is a need. (a) True (b) False
5. 5.🔍 Which is the odd one out? (a) a roof over your head (b) a bigger TV (c) a video game (d) a third pair of shoes
6. 6.True or false: “designer sunglasses” is a want. (a) False (b) True
7. 7.🛒 Need or want: medicine when ill? (a) a need (b) a want
8. 8.🛒 Need or want: designer sunglasses? (a) a need (b) a want
9. 9.🔍 Which is the odd one out? (a) a toy robot (b) rice and dal (c) designer sunglasses (d) sweets every day
10. 10.True or false: “medicine when ill” is a want. (a) False (b) True
11. 11.🔍 Which is the odd one out? (a) soap (b) medicine when ill (c) a warm blanket (d) a video game
12. 12.Which of these is a need? (a) a sticker album (b) a video game (c) a party dress (d) drinking water
13. 13.🍱 A tiffin service mostly meets which? (a) a want: games (b) a want: toys (c) nothing at all (d) a need: food
14. 14.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) water guns (c) hot drinks (d) ice lollies
15. 15.True or false: “soap” is a need. (a) False (b) True
16. 16.🛒 Need or want: a third pair of shoes? (a) a want (b) a need
17. 17.Which of these is a want? (a) notebooks for school (b) a warm blanket (c) a party dress (d) soap
18. 18.🔍 Which is the odd one out? (a) a school uniform (b) a warm blanket (c) bus fare to school (d) a bigger TV
19. 19.🛒 Need or want: a glitter pen set? (a) a need (b) a want
20. 20.🔍 Which is the odd one out? (a) a school uniform (b) notebooks for school (c) a sticker album (d) a warm blanket
21. 21.Which of these is a need? (a) school shoes (b) designer sunglasses (c) a glitter pen set (d) a third pair of shoes
22. 22.Which of these is a need? (a) a roof over your head (b) a sticker album (c) a video game (d) designer sunglasses
23. 23.True or false: “sweets every day” is a want. (a) True (b) False
24. 24.True or false: “a school uniform” is a want. (a) True (b) False
25. 25.💡 A need is something… (a) only rich people buy (b) made of plastic (c) nice but not needed (d) we must have to live
26. 26.True or false: “a fancy phone cover” is a need. (a) True (b) False
27. 27.Which of these is a want? (a) rice and dal (b) a roof over your head (c) a third pair of shoes (d) a warm blanket
28. 28.Which of these is a want? (a) rice and dal (b) drinking water (c) school shoes (d) a fancy phone cover
29. 29.True or false: “drinking water” is a need. (a) True (b) False
30. 30.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) ice lollies (c) paper kites (d) umbrellas and raincoats
31. 31.🛒 Need or want: bus fare to school? (a) a want (b) a need
32. 32.🔍 Which is the odd one out? (a) notebooks for school (b) soap (c) a warm blanket (d) a glitter pen set
33. 33.True or false: “a roof over your head” is a want. (a) True (b) False
34. 34.True or false: “a fancy phone cover” is a want. (a) False (b) True
35. 35.🔍 Which is the odd one out? (a) a warm blanket (b) a fancy phone cover (c) a party dress (d) sweets every day
36. 36.🛒 Need or want: notebooks for school? (a) a need (b) a want
37. 37.🔍 Which is the odd one out? (a) a party dress (b) rice and dal (c) a roof over your head (d) medicine when ill
38. 38.🔍 Which is the odd one out? (a) school shoes (b) sweets every day (c) designer sunglasses (d) a party dress
39. 39.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
40. 40.True or false: “rice and dal” is a need. (a) False (b) True

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