← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 603 · 40 questions
TalentJR

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.

NameDateTime takenScore ___ / 40
  1. 1.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) ice lollies (c) hot drinks (d) water guns
  2. 2.Which of these is a need? (a) a video game (b) a glitter pen set (c) sweets every day (d) a warm blanket
  3. 3.True or false: “a warm blanket” is a want. (a) True (b) False
  4. 4.🛒 Need or want: a bigger TV? (a) a want (b) a need
  5. 5.True or false: “bus fare to school” is a need. (a) False (b) True
  6. 6.🛒 Need or want: a roof over your head? (a) a need (b) a want
  7. 7.Which of these is a need? (a) a fancy phone cover (b) a toy robot (c) a sticker album (d) medicine when ill
  8. 8.🛒 Need or want: a party dress? (a) a want (b) a need
  9. 9.True or false: “a school uniform” is a need. (a) False (b) True
  10. 10.🛒 Need or want: drinking water? (a) a want (b) a need
  11. 11.☔ In the monsoon, which would sell best at a school gate? (a) paper kites (b) ice lollies (c) woollen sweaters (d) umbrellas and raincoats
  12. 12.True or false: “soap” is a need. (a) False (b) True
  13. 13.Which of these is a want? (a) a glitter pen set (b) bus fare to school (c) rice and dal (d) medicine when ill
  14. 14.Which of these is a want? (a) a school uniform (b) school shoes (c) a video game (d) a warm blanket
  15. 15.🎯 A want can still be a good business when… (a) it is not safe (b) nobody likes it (c) it breaks the rules (d) many people want it
  16. 16.🛒 Need or want: a video game? (a) a need (b) a want
  17. 17.Which of these is a need? (a) designer sunglasses (b) a fancy phone cover (c) a toy robot (d) notebooks for school
  18. 18.💡 A need is something… (a) nice but not needed (b) we must have to live (c) made of plastic (d) only rich people buy
  19. 19.🔍 Which is the odd one out? (a) a video game (b) designer sunglasses (c) notebooks for school (d) a glitter pen set
  20. 20.🔍 Which is the odd one out? (a) a glitter pen set (b) school shoes (c) a warm blanket (d) notebooks for school
  21. 21.True or false: “a sticker album” is a need. (a) False (b) True
  22. 22.🛒 A family has little money. What should it buy first? (a) the most fun thing (b) the costliest thing (c) the wants (d) the needs
  23. 23.🔍 Which is the odd one out? (a) a sticker album (b) drinking water (c) school shoes (d) rice and dal
  24. 24.🔍 Which is the odd one out? (a) a bigger TV (b) a fancy phone cover (c) a third pair of shoes (d) bus fare to school
  25. 25.🛒 Need or want: a sticker album? (a) a want (b) a need
  26. 26.True or false: “a party dress” is a want. (a) False (b) True
  27. 27.🛒 Need or want: soap? (a) a want (b) a need
  28. 28.🛒 Need or want: medicine when ill? (a) a want (b) a need
  29. 29.True or false: “a fancy phone cover” is a want. (a) True (b) False
  30. 30.Which of these is a need? (a) a bigger TV (b) school shoes (c) a video game (d) a party dress
  31. 31.True or false: “bus fare to school” is a want. (a) False (b) True
  32. 32.🛒 Need or want: designer sunglasses? (a) a need (b) a want
  33. 33.True or false: “rice and dal” is a want. (a) False (b) True
  34. 34.🔍 Which is the odd one out? (a) notebooks for school (b) a warm blanket (c) a video game (d) medicine when ill
  35. 35.🛍️ Why do businesses that meet needs often sell all year? (a) people always need them (b) needs are always free (c) needs are toys (d) nobody buys needs
  36. 36.True or false: “a third pair of shoes” is a need. (a) True (b) False
  37. 37.🔍 Which is the odd one out? (a) a fancy phone cover (b) a party dress (c) a glitter pen set (d) drinking water
  38. 38.🛒 Need or want: a glitter pen set? (a) a need (b) a want
  39. 39.🛒 Need or want: sweets every day? (a) a need (b) a want
  40. 40.🛒 Need or want: a toy robot? (a) a need (b) a want

Answer key

  1. hot drinks
  2. a warm blanket
  3. False
  4. a want
  5. True
  6. a need
  7. medicine when ill
  8. a want
  9. True
  10. a need
  11. umbrellas and raincoats
  12. True
  13. a glitter pen set
  14. a video game
  15. many people want it
  16. a want
  17. notebooks for school
  18. we must have to live
  19. notebooks for school
  20. a glitter pen set
  21. False
  22. the needs
  23. a sticker album
  24. bus fare to school
  25. a want
  26. True
  27. a need
  28. a need
  29. True
  30. school shoes
  31. False
  32. a want
  33. False
  34. a video game
  35. people always need them
  36. False
  37. drinking water
  38. a want
  39. a want
  40. a want

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids