← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 708 · 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.Which of these is a need? (a) a toy robot (b) bus fare to school (c) designer sunglasses (d) a glitter pen set
  2. 2.Which of these is a want? (a) bus fare to school (b) medicine when ill (c) a glitter pen set (d) a roof over your head
  3. 3.True or false: “medicine when ill” is a need. (a) False (b) True
  4. 4.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) ice lollies (c) paper kites (d) umbrellas and raincoats
  5. 5.🛒 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
  6. 6.🎯 A want can still be a good business when… (a) it is not safe (b) many people want it (c) nobody likes it (d) it breaks the rules
  7. 7.Which of these is a want? (a) a sticker album (b) rice and dal (c) bus fare to school (d) drinking water
  8. 8.🔍 Which is the odd one out? (a) drinking water (b) notebooks for school (c) a school uniform (d) a third pair of shoes
  9. 9.🍱 A tiffin service mostly meets which? (a) nothing at all (b) a want: games (c) a need: food (d) a want: toys
  10. 10.Which of these is a want? (a) bus fare to school (b) soap (c) a warm blanket (d) a video game
  11. 11.True or false: “medicine when ill” is a want. (a) False (b) True
  12. 12.💡 A need is something… (a) made of plastic (b) nice but not needed (c) we must have to live (d) only rich people buy
  13. 13.True or false: “designer sunglasses” is a need. (a) True (b) False
  14. 14.Which of these is a need? (a) drinking water (b) a third pair of shoes (c) a party dress (d) a video game
  15. 15.True or false: “drinking water” is a want. (a) False (b) True
  16. 16.True or false: “soap” is a want. (a) True (b) False
  17. 17.True or false: “drinking water” is a need. (a) False (b) True
  18. 18.🛒 Need or want: notebooks for school? (a) a need (b) a want
  19. 19.🛒 Need or want: medicine when ill? (a) a want (b) a need
  20. 20.True or false: “a warm blanket” is a need. (a) True (b) False
  21. 21.Which of these is a need? (a) a toy robot (b) designer sunglasses (c) a third pair of shoes (d) school shoes
  22. 22.🔍 Which is the odd one out? (a) sweets every day (b) a warm blanket (c) a fancy phone cover (d) designer sunglasses
  23. 23.🛒 Need or want: a sticker album? (a) a need (b) a want
  24. 24.Which of these is a need? (a) a video game (b) a fancy phone cover (c) notebooks for school (d) sweets every day
  25. 25.🛒 Need or want: a video game? (a) a need (b) a want
  26. 26.🛒 Need or want: bus fare to school? (a) a want (b) a need
  27. 27.Which of these is a want? (a) school shoes (b) a bigger TV (c) a roof over your head (d) a school uniform
  28. 28.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
  29. 29.🛍️ Why do businesses that meet needs often sell all year? (a) nobody buys needs (b) people always need them (c) needs are toys (d) needs are always free
  30. 30.🛒 Need or want: drinking water? (a) a need (b) a want
  31. 31.🛒 Need or want: a glitter pen set? (a) a need (b) a want
  32. 32.Which of these is a want? (a) a party dress (b) medicine when ill (c) rice and dal (d) drinking water
  33. 33.🔍 Which is the odd one out? (a) medicine when ill (b) a glitter pen set (c) a bigger TV (d) a toy robot
  34. 34.🔍 Which is the odd one out? (a) medicine when ill (b) bus fare to school (c) a school uniform (d) a video game
  35. 35.Which of these is a need? (a) a video game (b) designer sunglasses (c) a bigger TV (d) soap
  36. 36.Which of these is a need? (a) a third pair of shoes (b) a roof over your head (c) a video game (d) a toy robot
  37. 37.Which of these is a want? (a) a school uniform (b) notebooks for school (c) drinking water (d) sweets every day
  38. 38.🔍 Which is the odd one out? (a) a sticker album (b) medicine when ill (c) a roof over your head (d) a school uniform
  39. 39.True or false: “a video game” is a want. (a) False (b) True
  40. 40.🛒 Need or want: a roof over your head? (a) a need (b) a want

Answer key

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

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