Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 610 · 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.🔍 Which is the odd one out? (a) a fancy phone cover (b) a warm blanket (c) medicine when ill (d) rice and dal
2. 2.True or false: “a toy robot” is a need. (a) False (b) True
3. 3.Which of these is a want? (a) notebooks for school (b) a bigger TV (c) rice and dal (d) bus fare to school
4. 4.Which of these is a want? (a) notebooks for school (b) school shoes (c) bus fare to school (d) a sticker album
5. 5.True or false: “rice and dal” is a need. (a) True (b) False
6. 6.🛒 Need or want: a party dress? (a) a want (b) a need
7. 7.🔍 Which is the odd one out? (a) medicine when ill (b) bus fare to school (c) a warm blanket (d) a bigger TV
8. 8.🎯 A want can still be a good business when… (a) it breaks the rules (b) it is not safe (c) nobody likes it (d) many people want it
9. 9.True or false: “a warm blanket” is a want. (a) False (b) True
10. 10.True or false: “medicine when ill” is a need. (a) True (b) False
11. 11.🔍 Which is the odd one out? (a) a video game (b) notebooks for school (c) a glitter pen set (d) sweets every day
12. 12.🔍 Which is the odd one out? (a) medicine when ill (b) notebooks for school (c) bus fare to school (d) a party dress
13. 13.True or false: “a warm blanket” is a need. (a) False (b) True
14. 14.Which of these is a need? (a) a glitter pen set (b) a party dress (c) medicine when ill (d) a toy robot
15. 15.True or false: “a video game” is a need. (a) False (b) True
16. 16.🛍️ Why do businesses that meet needs often sell all year? (a) needs are toys (b) nobody buys needs (c) needs are always free (d) people always need them
17. 17.🛒 Need or want: a video game? (a) a want (b) a need
18. 18.💡 A need is something… (a) only rich people buy (b) nice but not needed (c) made of plastic (d) we must have to live
19. 19.🔍 Which is the odd one out? (a) soap (b) designer sunglasses (c) a bigger TV (d) sweets every day
20. 20.🛒 Need or want: rice and dal? (a) a want (b) a need
21. 21.Which of these is a want? (a) rice and dal (b) bus fare to school (c) designer sunglasses (d) a roof over your head
22. 22.🔍 Which is the odd one out? (a) drinking water (b) school shoes (c) a glitter pen set (d) notebooks for school
23. 23.🛒 Need or want: a school uniform? (a) a need (b) a want
24. 24.❄️ On a cold winter morning, which stall would most people want? (a) ice lollies (b) water guns (c) hot drinks (d) paper fans
25. 25.🍱 A tiffin service mostly meets which? (a) a need: food (b) a want: toys (c) a want: games (d) nothing at all
26. 26.🛒 A family has little money. What should it buy first? (a) the most fun thing (b) the costliest thing (c) the needs (d) the wants
27. 27.🔍 Which is the odd one out? (a) drinking water (b) sweets every day (c) a toy robot (d) a bigger TV
28. 28.True or false: “medicine when ill” is a want. (a) True (b) False
29. 29.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
30. 30.True or false: “a school uniform” is a want. (a) False (b) True
31. 31.True or false: “a school uniform” is a need. (a) True (b) False
32. 32.Which of these is a need? (a) a fancy phone cover (b) a party dress (c) designer sunglasses (d) notebooks for school
33. 33.True or false: “drinking water” is a want. (a) False (b) True
34. 34.True or false: “a third pair of shoes” is a need. (a) False (b) True
35. 35.True or false: “notebooks for school” is a need. (a) False (b) True
36. 36.☔ In the monsoon, which would sell best at a school gate? (a) paper kites (b) ice lollies (c) umbrellas and raincoats (d) woollen sweaters
37. 37.True or false: “designer sunglasses” is a want. (a) False (b) True
38. 38.True or false: “sweets every day” is a need. (a) True (b) False
39. 39.True or false: “notebooks for school” is a want. (a) True (b) False
40. 40.🔍 Which is the odd one out? (a) a toy robot (b) sweets every day (c) a video game (d) a roof over your head

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