← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 738 · 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) designer sunglasses (b) a fancy phone cover (c) a toy robot (d) drinking water
  2. 2.True or false: “a third pair of shoes” is a need. (a) False (b) True
  3. 3.🔍 Which is the odd one out? (a) notebooks for school (b) a bigger TV (c) medicine when ill (d) drinking water
  4. 4.Which of these is a want? (a) rice and dal (b) a fancy phone cover (c) a school uniform (d) a roof over your head
  5. 5.🛒 A family has little money. What should it buy first? (a) the needs (b) the wants (c) the costliest thing (d) the most fun thing
  6. 6.🛒 Need or want: a roof over your head? (a) a want (b) a need
  7. 7.🛍️ Why do businesses that meet needs often sell all year? (a) nobody buys needs (b) people always need them (c) needs are always free (d) needs are toys
  8. 8.Which of these is a need? (a) a bigger TV (b) sweets every day (c) a toy robot (d) school shoes
  9. 9.True or false: “a glitter pen set” is a need. (a) True (b) False
  10. 10.🔍 Which is the odd one out? (a) sweets every day (b) a warm blanket (c) a video game (d) a fancy phone cover
  11. 11.🔍 Which is the odd one out? (a) a video game (b) rice and dal (c) soap (d) school shoes
  12. 12.True or false: “school shoes” is a need. (a) True (b) False
  13. 13.🛒 Need or want: a glitter pen set? (a) a need (b) a want
  14. 14.❄️ On a cold winter morning, which stall would most people want? (a) hot drinks (b) water guns (c) ice lollies (d) paper fans
  15. 15.🛒 Need or want: medicine when ill? (a) a want (b) a need
  16. 16.True or false: “school shoes” is a want. (a) True (b) False
  17. 17.True or false: “soap” is a want. (a) True (b) False
  18. 18.🎯 A want can still be a good business when… (a) many people want it (b) it breaks the rules (c) nobody likes it (d) it is not safe
  19. 19.🛒 Need or want: a bigger TV? (a) a need (b) a want
  20. 20.🛒 Need or want: a video game? (a) a need (b) a want
  21. 21.🛒 Need or want: a third pair of shoes? (a) a want (b) a need
  22. 22.True or false: “rice and dal” is a want. (a) True (b) False
  23. 23.Which of these is a need? (a) a toy robot (b) a third pair of shoes (c) a bigger TV (d) notebooks for school
  24. 24.Which of these is a want? (a) designer sunglasses (b) school shoes (c) a warm blanket (d) medicine when ill
  25. 25.True or false: “a bigger TV” is a want. (a) True (b) False
  26. 26.🔍 Which is the odd one out? (a) soap (b) school shoes (c) drinking water (d) sweets every day
  27. 27.True or false: “sweets every day” is a want. (a) True (b) False
  28. 28.True or false: “a school uniform” is a want. (a) True (b) False
  29. 29.🔍 Which is the odd one out? (a) a glitter pen set (b) designer sunglasses (c) a video game (d) soap
  30. 30.💡 A need is something… (a) only rich people buy (b) we must have to live (c) nice but not needed (d) made of plastic
  31. 31.True or false: “a sticker album” is a want. (a) False (b) True
  32. 32.🛒 Need or want: sweets every day? (a) a want (b) a need
  33. 33.Which of these is a want? (a) soap (b) bus fare to school (c) a toy robot (d) a roof over your head
  34. 34.True or false: “a roof over your head” is a want. (a) False (b) True
  35. 35.🔍 Which is the odd one out? (a) a toy robot (b) a party dress (c) bus fare to school (d) sweets every day
  36. 36.🛒 Need or want: drinking water? (a) a want (b) a need
  37. 37.True or false: “a fancy phone cover” is a need. (a) True (b) False
  38. 38.True or false: “medicine when ill” is a need. (a) True (b) False
  39. 39.True or false: “a warm blanket” is a need. (a) False (b) True
  40. 40.True or false: “a toy robot” is a want. (a) True (b) False

Answer key

  1. drinking water
  2. False
  3. a bigger TV
  4. a fancy phone cover
  5. the needs
  6. a need
  7. people always need them
  8. school shoes
  9. False
  10. a warm blanket
  11. a video game
  12. True
  13. a want
  14. hot drinks
  15. a need
  16. False
  17. False
  18. many people want it
  19. a want
  20. a want
  21. a want
  22. False
  23. notebooks for school
  24. designer sunglasses
  25. True
  26. sweets every day
  27. True
  28. False
  29. soap
  30. we must have to live
  31. True
  32. a want
  33. a toy robot
  34. False
  35. bus fare to school
  36. a need
  37. False
  38. True
  39. True
  40. True

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