← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 778 · 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) medicine when ill (b) sweets every day (c) a sticker album (d) a third pair of shoes
  2. 2.🔍 Which is the odd one out? (a) soap (b) a bigger TV (c) a third pair of shoes (d) a glitter pen set
  3. 3.Which of these is a need? (a) drinking water (b) sweets every day (c) a toy robot (d) a party dress
  4. 4.Which of these is a want? (a) a warm blanket (b) drinking water (c) medicine when ill (d) designer sunglasses
  5. 5.💡 A need is something… (a) made of plastic (b) nice but not needed (c) we must have to live (d) only rich people buy
  6. 6.🛍️ 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
  7. 7.🛒 Need or want: drinking water? (a) a need (b) a want
  8. 8.True or false: “a glitter pen set” is a want. (a) True (b) False
  9. 9.🛒 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
  10. 10.🔍 Which is the odd one out? (a) a warm blanket (b) school shoes (c) designer sunglasses (d) a roof over your head
  11. 11.True or false: “a toy robot” is a want. (a) False (b) True
  12. 12.🛒 Need or want: sweets every day? (a) a need (b) a want
  13. 13.🔍 Which is the odd one out? (a) a third pair of shoes (b) a sticker album (c) school shoes (d) a glitter pen set
  14. 14.True or false: “school shoes” is a want. (a) True (b) False
  15. 15.True or false: “soap” is a need. (a) False (b) True
  16. 16.🔍 Which is the odd one out? (a) sweets every day (b) a fancy phone cover (c) a sticker album (d) notebooks for school
  17. 17.🎯 A want can still be a good business when… (a) it breaks the rules (b) many people want it (c) nobody likes it (d) it is not safe
  18. 18.True or false: “a fancy phone cover” is a want. (a) True (b) False
  19. 19.🔍 Which is the odd one out? (a) drinking water (b) medicine when ill (c) a video game (d) school shoes
  20. 20.Which of these is a want? (a) rice and dal (b) bus fare to school (c) a glitter pen set (d) notebooks for school
  21. 21.🍱 A tiffin service mostly meets which? (a) nothing at all (b) a want: games (c) a want: toys (d) a need: food
  22. 22.True or false: “soap” is a want. (a) False (b) True
  23. 23.Which of these is a want? (a) bus fare to school (b) drinking water (c) medicine when ill (d) a party dress
  24. 24.🛒 Need or want: a sticker album? (a) a want (b) a need
  25. 25.True or false: “a party dress” is a need. (a) False (b) True
  26. 26.🛒 Need or want: rice and dal? (a) a want (b) a need
  27. 27.❄️ On a cold winter morning, which stall would most people want? (a) ice lollies (b) hot drinks (c) paper fans (d) water guns
  28. 28.True or false: “a bigger TV” is a need. (a) False (b) True
  29. 29.🔍 Which is the odd one out? (a) a roof over your head (b) a school uniform (c) notebooks for school (d) sweets every day
  30. 30.🔍 Which is the odd one out? (a) a fancy phone cover (b) rice and dal (c) sweets every day (d) a sticker album
  31. 31.Which of these is a need? (a) a third pair of shoes (b) rice and dal (c) designer sunglasses (d) a sticker album
  32. 32.True or false: “rice and dal” is a want. (a) True (b) False
  33. 33.🛒 Need or want: a party dress? (a) a need (b) a want
  34. 34.🔍 Which is the odd one out? (a) a video game (b) a third pair of shoes (c) a school uniform (d) a party dress
  35. 35.True or false: “sweets every day” is a need. (a) False (b) True
  36. 36.🔍 Which is the odd one out? (a) designer sunglasses (b) a bigger TV (c) a toy robot (d) medicine when ill
  37. 37.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
  38. 38.🛒 Need or want: a video game? (a) a want (b) a need
  39. 39.True or false: “a sticker album” is a want. (a) False (b) True
  40. 40.🛒 Need or want: a school uniform? (a) a need (b) a want

Answer key

  1. medicine when ill
  2. soap
  3. drinking water
  4. designer sunglasses
  5. we must have to live
  6. people always need them
  7. a need
  8. True
  9. the needs
  10. designer sunglasses
  11. True
  12. a want
  13. school shoes
  14. False
  15. True
  16. notebooks for school
  17. many people want it
  18. True
  19. a video game
  20. a glitter pen set
  21. a need: food
  22. False
  23. a party dress
  24. a want
  25. False
  26. a need
  27. hot drinks
  28. False
  29. sweets every day
  30. rice and dal
  31. rice and dal
  32. False
  33. a want
  34. a school uniform
  35. False
  36. medicine when ill
  37. a want
  38. a want
  39. True
  40. a need

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