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