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