Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 73 · 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) designer sunglasses (b) a toy robot (c) soap (d) a sticker album
2. 2.🛒 Need or want: rice and dal? (a) a want (b) a need
3. 3.Which of these is a need? (a) sweets every day (b) a third pair of shoes (c) school shoes (d) a sticker album
4. 4.True or false: “a toy robot” is a need. (a) False (b) True
5. 5.True or false: “designer sunglasses” is a want. (a) False (b) True
6. 6.🔍 Which is the odd one out? (a) a sticker album (b) a warm blanket (c) school shoes (d) rice and dal
7. 7.True or false: “bus fare to school” is a want. (a) False (b) True
8. 8.True or false: “a third pair of shoes” is a want. (a) False (b) True
9. 9.Which of these is a want? (a) soap (b) notebooks for school (c) drinking water (d) a bigger TV
10. 10.🛒 Need or want: drinking water? (a) a need (b) a want
11. 11.💡 A need is something… (a) we must have to live (b) made of plastic (c) nice but not needed (d) only rich people buy
12. 12.Which of these is a need? (a) a fancy phone cover (b) a sticker album (c) a third pair of shoes (d) notebooks for school
13. 13.True or false: “medicine when ill” is a want. (a) True (b) False
14. 14.🔍 Which is the odd one out? (a) a toy robot (b) a school uniform (c) soap (d) school shoes
15. 15.🔍 Which is the odd one out? (a) notebooks for school (b) a fancy phone cover (c) a roof over your head (d) medicine when ill
16. 16.🔍 Which is the odd one out? (a) bus fare to school (b) a third pair of shoes (c) a glitter pen set (d) a sticker album
17. 17.True or false: “a school uniform” is a need. (a) True (b) False
18. 18.🛒 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
19. 19.🛒 Need or want: a party dress? (a) a need (b) a want
20. 20.True or false: “a sticker album” is a want. (a) False (b) True
21. 21.🛒 Need or want: a warm blanket? (a) a need (b) a want
22. 22.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
23. 23.Which of these is a need? (a) a third pair of shoes (b) a party dress (c) a glitter pen set (d) soap
24. 24.🔍 Which is the odd one out? (a) a fancy phone cover (b) notebooks for school (c) a bigger TV (d) a video game
25. 25.🔍 Which is the odd one out? (a) a video game (b) a school uniform (c) sweets every day (d) designer sunglasses
26. 26.🛒 Need or want: bus fare to school? (a) a need (b) a want
27. 27.True or false: “soap” is a want. (a) False (b) True
28. 28.Which of these is a want? (a) a school uniform (b) a roof over your head (c) designer sunglasses (d) notebooks for school
29. 29.🛒 Need or want: a glitter pen set? (a) a want (b) a need
30. 30.True or false: “a warm blanket” is a want. (a) False (b) True
31. 31.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
32. 32.Which of these is a want? (a) drinking water (b) medicine when ill (c) a roof over your head (d) a fancy phone cover
33. 33.🔍 Which is the odd one out? (a) soap (b) rice and dal (c) a third pair of shoes (d) school shoes
34. 34.🛍️ Why do businesses that meet needs often sell all year? (a) people always need them (b) nobody buys needs (c) needs are always free (d) needs are toys
35. 35.True or false: “soap” is a need. (a) False (b) True
36. 36.🔍 Which is the odd one out? (a) drinking water (b) a third pair of shoes (c) a party dress (d) a fancy phone cover
37. 37.🔍 Which is the odd one out? (a) a sticker album (b) sweets every day (c) a party dress (d) a warm blanket
38. 38.🛒 Need or want: sweets every day? (a) a need (b) a want
39. 39.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) ice lollies (c) hot drinks (d) water guns
40. 40.🎯 A want can still be a good business when… (a) it is not safe (b) it breaks the rules (c) nobody likes it (d) many people want it

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