← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 886 · 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.True or false: “soap” is a want. (a) True (b) False
  2. 2.🔍 Which is the odd one out? (a) designer sunglasses (b) a fancy phone cover (c) sweets every day (d) notebooks for school
  3. 3.True or false: “a warm blanket” is a need. (a) True (b) False
  4. 4.Which of these is a want? (a) a bigger TV (b) school shoes (c) a school uniform (d) bus fare to school
  5. 5.True or false: “bus fare to school” is a need. (a) False (b) True
  6. 6.🛒 A family has little money. What should it buy first? (a) the wants (b) the most fun thing (c) the needs (d) the costliest thing
  7. 7.True or false: “a video game” is a need. (a) False (b) True
  8. 8.🛒 Need or want: a party dress? (a) a want (b) a need
  9. 9.True or false: “a party dress” is a want. (a) False (b) True
  10. 10.🔍 Which is the odd one out? (a) a toy robot (b) a fancy phone cover (c) a bigger TV (d) rice and dal
  11. 11.True or false: “a sticker album” is a want. (a) False (b) True
  12. 12.🔍 Which is the odd one out? (a) bus fare to school (b) a warm blanket (c) school shoes (d) a bigger TV
  13. 13.🛒 Need or want: drinking water? (a) a want (b) a need
  14. 14.🛒 Need or want: soap? (a) a need (b) a want
  15. 15.Which of these is a want? (a) drinking water (b) bus fare to school (c) school shoes (d) a video game
  16. 16.Which of these is a need? (a) a third pair of shoes (b) bus fare to school (c) a fancy phone cover (d) a video game
  17. 17.🛒 Need or want: a warm blanket? (a) a need (b) a want
  18. 18.🛒 Need or want: a sticker album? (a) a want (b) a need
  19. 19.🛍️ Why do businesses that meet needs often sell all year? (a) people always need them (b) needs are toys (c) needs are always free (d) nobody buys needs
  20. 20.🔍 Which is the odd one out? (a) a glitter pen set (b) bus fare to school (c) a roof over your head (d) soap
  21. 21.True or false: “a bigger TV” is a want. (a) False (b) True
  22. 22.❄️ On a cold winter morning, which stall would most people want? (a) ice lollies (b) hot drinks (c) water guns (d) paper fans
  23. 23.Which of these is a need? (a) a fancy phone cover (b) a roof over your head (c) a toy robot (d) a bigger TV
  24. 24.🛒 Need or want: a glitter pen set? (a) a need (b) a want
  25. 25.True or false: “a glitter pen set” is a need. (a) False (b) True
  26. 26.🛒 Need or want: a third pair of shoes? (a) a want (b) a need
  27. 27.🛒 Need or want: sweets every day? (a) a want (b) a need
  28. 28.💡 A need is something… (a) nice but not needed (b) only rich people buy (c) made of plastic (d) we must have to live
  29. 29.🎯 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
  30. 30.🔍 Which is the odd one out? (a) a fancy phone cover (b) a party dress (c) a video game (d) drinking water
  31. 31.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
  32. 32.🔍 Which is the odd one out? (a) soap (b) a school uniform (c) rice and dal (d) sweets every day
  33. 33.🔍 Which is the odd one out? (a) a warm blanket (b) drinking water (c) a toy robot (d) a school uniform
  34. 34.Which of these is a need? (a) a video game (b) rice and dal (c) designer sunglasses (d) a third pair of shoes
  35. 35.🛒 Need or want: a bigger TV? (a) a want (b) a need
  36. 36.Which of these is a need? (a) a toy robot (b) a glitter pen set (c) a video game (d) school shoes
  37. 37.True or false: “a fancy phone cover” is a need. (a) True (b) False
  38. 38.🍱 A tiffin service mostly meets which? (a) nothing at all (b) a need: food (c) a want: games (d) a want: toys
  39. 39.🛒 Need or want: designer sunglasses? (a) a want (b) a need
  40. 40.🛒 Need or want: a roof over your head? (a) a want (b) a need

Answer key

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

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