Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 875 · 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 video game” is a want. (a) False (b) True
2. 2.🛒 Need or want: designer sunglasses? (a) a need (b) a want
3. 3.Which of these is a want? (a) medicine when ill (b) designer sunglasses (c) a roof over your head (d) a warm blanket
4. 4.🍱 A tiffin service mostly meets which? (a) a want: toys (b) nothing at all (c) a want: games (d) a need: food
5. 5.True or false: “a bigger TV” is a want. (a) True (b) False
6. 6.Which of these is a want? (a) medicine when ill (b) notebooks for school (c) a fancy phone cover (d) drinking water
7. 7.🔍 Which is the odd one out? (a) a party dress (b) a school uniform (c) school shoes (d) a roof over your head
8. 8.🔍 Which is the odd one out? (a) soap (b) medicine when ill (c) designer sunglasses (d) a warm blanket
9. 9.True or false: “rice and dal” is a want. (a) False (b) True
10. 10.🛒 A family has little money. What should it buy first? (a) the most fun thing (b) the wants (c) the costliest thing (d) the needs
11. 11.Which of these is a want? (a) medicine when ill (b) a warm blanket (c) school shoes (d) sweets every day
12. 12.❄️ On a cold winter morning, which stall would most people want? (a) hot drinks (b) paper fans (c) ice lollies (d) water guns
13. 13.True or false: “drinking water” is a need. (a) True (b) False
14. 14.💡 A need is something… (a) we must have to live (b) nice but not needed (c) made of plastic (d) only rich people buy
15. 15.☔ In the monsoon, which would sell best at a school gate? (a) ice lollies (b) paper kites (c) umbrellas and raincoats (d) woollen sweaters
16. 16.🛍️ Why do businesses that meet needs often sell all year? (a) nobody buys needs (b) needs are toys (c) people always need them (d) needs are always free
17. 17.True or false: “notebooks for school” is a need. (a) False (b) True
18. 18.Which of these is a want? (a) a sticker album (b) school shoes (c) bus fare to school (d) medicine when ill
19. 19.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
20. 20.True or false: “soap” is a want. (a) True (b) False
21. 21.🛒 Need or want: rice and dal? (a) a need (b) a want
22. 22.🔍 Which is the odd one out? (a) a fancy phone cover (b) a toy robot (c) a warm blanket (d) a bigger TV
23. 23.Which of these is a need? (a) designer sunglasses (b) a bigger TV (c) a school uniform (d) a toy robot
24. 24.Which of these is a need? (a) a toy robot (b) medicine when ill (c) a fancy phone cover (d) designer sunglasses
25. 25.True or false: “rice and dal” is a need. (a) True (b) False
26. 26.True or false: “a bigger TV” is a need. (a) True (b) False
27. 27.True or false: “designer sunglasses” is a need. (a) False (b) True
28. 28.🛒 Need or want: school shoes? (a) a want (b) a need
29. 29.🎯 A want can still be a good business when… (a) many people want it (b) it is not safe (c) nobody likes it (d) it breaks the rules
30. 30.Which of these is a need? (a) a party dress (b) bus fare to school (c) a toy robot (d) a fancy phone cover
31. 31.Which of these is a need? (a) a glitter pen set (b) a third pair of shoes (c) a fancy phone cover (d) notebooks for school
32. 32.True or false: “sweets every day” is a want. (a) False (b) True
33. 33.🛒 Need or want: a warm blanket? (a) a want (b) a need
34. 34.Which of these is a need? (a) a video game (b) a third pair of shoes (c) a glitter pen set (d) rice and dal
35. 35.Which of these is a want? (a) a school uniform (b) a roof over your head (c) medicine when ill (d) a bigger TV
36. 36.True or false: “a roof over your head” is a want. (a) True (b) False
37. 37.True or false: “school shoes” is a want. (a) True (b) False
38. 38.Which of these is a need? (a) drinking water (b) a glitter pen set (c) a sticker album (d) a third pair of shoes
39. 39.🔍 Which is the odd one out? (a) bus fare to school (b) sweets every day (c) a sticker album (d) a video game
40. 40.🛒 Need or want: a school uniform? (a) a need (b) a want

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