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Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 813 · 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.❄️ On a cold winter morning, which stall would most people want? (a) ice lollies (b) hot drinks (c) paper fans (d) water guns
  2. 2.💡 A need is something… (a) made of plastic (b) only rich people buy (c) nice but not needed (d) we must have to live
  3. 3.Which of these is a need? (a) sweets every day (b) a school uniform (c) a video game (d) a sticker album
  4. 4.Which of these is a want? (a) rice and dal (b) sweets every day (c) notebooks for school (d) a school uniform
  5. 5.🛒 Need or want: soap? (a) a want (b) a need
  6. 6.🛒 Need or want: notebooks for school? (a) a need (b) a want
  7. 7.🛒 Need or want: a glitter pen set? (a) a need (b) a want
  8. 8.Which of these is a want? (a) a third pair of shoes (b) medicine when ill (c) soap (d) a roof over your head
  9. 9.True or false: “notebooks for school” is a need. (a) True (b) False
  10. 10.True or false: “a sticker album” is a want. (a) True (b) False
  11. 11.Which of these is a want? (a) a roof over your head (b) a video game (c) rice and dal (d) medicine when ill
  12. 12.🛒 Need or want: rice and dal? (a) a want (b) a need
  13. 13.True or false: “a glitter pen set” is a need. (a) True (b) False
  14. 14.🛒 Need or want: a video game? (a) a need (b) a want
  15. 15.🔍 Which is the odd one out? (a) a party dress (b) a glitter pen set (c) a third pair of shoes (d) a roof over your head
  16. 16.True or false: “rice and dal” is a want. (a) False (b) True
  17. 17.🛒 A family has little money. What should it buy first? (a) the wants (b) the needs (c) the most fun thing (d) the costliest thing
  18. 18.🔍 Which is the odd one out? (a) a school uniform (b) designer sunglasses (c) a warm blanket (d) a roof over your head
  19. 19.🔍 Which is the odd one out? (a) school shoes (b) soap (c) medicine when ill (d) a third pair of shoes
  20. 20.🔍 Which is the odd one out? (a) drinking water (b) rice and dal (c) medicine when ill (d) sweets every day
  21. 21.True or false: “soap” is a need. (a) False (b) True
  22. 22.True or false: “bus fare to school” is a want. (a) True (b) False
  23. 23.True or false: “medicine when ill” is a need. (a) False (b) True
  24. 24.🛍️ Why do businesses that meet needs often sell all year? (a) people always need them (b) needs are toys (c) nobody buys needs (d) needs are always free
  25. 25.Which of these is a want? (a) school shoes (b) designer sunglasses (c) medicine when ill (d) notebooks for school
  26. 26.True or false: “a third pair of shoes” is a want. (a) False (b) True
  27. 27.True or false: “school shoes” is a want. (a) False (b) True
  28. 28.True or false: “a warm blanket” is a need. (a) False (b) True
  29. 29.Which of these is a need? (a) a toy robot (b) medicine when ill (c) a fancy phone cover (d) designer sunglasses
  30. 30.🛒 Need or want: a bigger TV? (a) a want (b) a need
  31. 31.🛒 Need or want: designer sunglasses? (a) a need (b) a want
  32. 32.🔍 Which is the odd one out? (a) bus fare to school (b) a party dress (c) a fancy phone cover (d) a glitter pen set
  33. 33.🛒 Need or want: a sticker album? (a) a want (b) a need
  34. 34.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
  35. 35.🛒 Need or want: medicine when ill? (a) a want (b) a need
  36. 36.True or false: “school shoes” is a need. (a) False (b) True
  37. 37.🔍 Which is the odd one out? (a) notebooks for school (b) a glitter pen set (c) a school uniform (d) rice and dal
  38. 38.🎯 A want can still be a good business when… (a) it breaks the rules (b) it is not safe (c) many people want it (d) nobody likes it
  39. 39.Which of these is a need? (a) bus fare to school (b) sweets every day (c) designer sunglasses (d) a toy robot
  40. 40.True or false: “a glitter pen set” is a want. (a) True (b) False

Answer key

  1. hot drinks
  2. we must have to live
  3. a school uniform
  4. sweets every day
  5. a need
  6. a need
  7. a want
  8. a third pair of shoes
  9. True
  10. True
  11. a video game
  12. a need
  13. False
  14. a want
  15. a roof over your head
  16. False
  17. the needs
  18. designer sunglasses
  19. a third pair of shoes
  20. sweets every day
  21. True
  22. False
  23. True
  24. people always need them
  25. designer sunglasses
  26. True
  27. False
  28. True
  29. medicine when ill
  30. a want
  31. a want
  32. bus fare to school
  33. a want
  34. a want
  35. a need
  36. True
  37. a glitter pen set
  38. many people want it
  39. bus fare to school
  40. True

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