Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 845 · 40 questions

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.

1. 1.True or false: “a bigger TV” is a need. (a) False (b) True
2. 2.🛍️ Why do businesses that meet needs often sell all year? (a) needs are toys (b) people always need them (c) nobody buys needs (d) needs are always free
3. 3.🛒 A family has little money. What should it buy first? (a) the costliest thing (b) the wants (c) the most fun thing (d) the needs
4. 4.Which of these is a need? (a) medicine when ill (b) a video game (c) a third pair of shoes (d) a bigger TV
5. 5.🔍 Which is the odd one out? (a) rice and dal (b) drinking water (c) a bigger TV (d) a roof over your head
6. 6.🔍 Which is the odd one out? (a) soap (b) rice and dal (c) a sticker album (d) a warm blanket
7. 7.True or false: “a warm blanket” is a need. (a) False (b) True
8. 8.🛒 Need or want: school shoes? (a) a want (b) a need
9. 9.True or false: “rice and dal” is a want. (a) False (b) True
10. 10.🛒 Need or want: a sticker album? (a) a need (b) a want
11. 11.☔ In the monsoon, which would sell best at a school gate? (a) paper kites (b) woollen sweaters (c) umbrellas and raincoats (d) ice lollies
12. 12.True or false: “a glitter pen set” is a want. (a) False (b) True
13. 13.🛒 Need or want: a warm blanket? (a) a want (b) a need
14. 14.🔍 Which is the odd one out? (a) school shoes (b) a third pair of shoes (c) a glitter pen set (d) a video game
15. 15.Which of these is a need? (a) a sticker album (b) a fancy phone cover (c) drinking water (d) a toy robot
16. 16.True or false: “a sticker album” is a need. (a) False (b) True
17. 17.🔍 Which is the odd one out? (a) sweets every day (b) a fancy phone cover (c) medicine when ill (d) a third pair of shoes
18. 18.❄️ On a cold winter morning, which stall would most people want? (a) hot drinks (b) paper fans (c) ice lollies (d) water guns
19. 19.True or false: “sweets every day” is a want. (a) True (b) False
20. 20.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
21. 21.🔍 Which is the odd one out? (a) a school uniform (b) notebooks for school (c) designer sunglasses (d) drinking water
22. 22.🎯 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
23. 23.Which of these is a need? (a) a party dress (b) a video game (c) school shoes (d) a fancy phone cover
24. 24.🔍 Which is the odd one out? (a) sweets every day (b) soap (c) a glitter pen set (d) a fancy phone cover
25. 25.🛒 Need or want: a bigger TV? (a) a want (b) a need
26. 26.💡 A need is something… (a) we must have to live (b) made of plastic (c) nice but not needed (d) only rich people buy
27. 27.🔍 Which is the odd one out? (a) rice and dal (b) school shoes (c) bus fare to school (d) a toy robot
28. 28.🔍 Which is the odd one out? (a) a video game (b) designer sunglasses (c) a glitter pen set (d) notebooks for school
29. 29.Which of these is a want? (a) soap (b) drinking water (c) a roof over your head (d) sweets every day
30. 30.🛒 Need or want: notebooks for school? (a) a want (b) a need
31. 31.Which of these is a need? (a) a fancy phone cover (b) a bigger TV (c) a sticker album (d) rice and dal
32. 32.Which of these is a want? (a) school shoes (b) drinking water (c) notebooks for school (d) a bigger TV
33. 33.🛒 Need or want: a glitter pen set? (a) a need (b) a want
34. 34.True or false: “a glitter pen set” is a need. (a) True (b) False
35. 35.Which of these is a need? (a) a fancy phone cover (b) sweets every day (c) a bigger TV (d) a school uniform
36. 36.True or false: “bus fare to school” is a need. (a) True (b) False
37. 37.True or false: “notebooks for school” is a want. (a) True (b) False
38. 38.🍱 A tiffin service mostly meets which? (a) a need: food (b) nothing at all (c) a want: toys (d) a want: games
39. 39.True or false: “drinking water” is a want. (a) False (b) True
40. 40.🔍 Which is the odd one out? (a) a video game (b) a roof over your head (c) bus fare to school (d) soap

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