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Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 892 · 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: “drinking water” is a want. (a) True (b) False
  2. 2.True or false: “soap” is a need. (a) False (b) True
  3. 3.💡 A need is something… (a) only rich people buy (b) we must have to live (c) made of plastic (d) nice but not needed
  4. 4.🛒 Need or want: a sticker album? (a) a need (b) a want
  5. 5.🛒 Need or want: drinking water? (a) a want (b) a need
  6. 6.🔍 Which is the odd one out? (a) drinking water (b) school shoes (c) rice and dal (d) a bigger TV
  7. 7.☔ In the monsoon, which would sell best at a school gate? (a) umbrellas and raincoats (b) ice lollies (c) paper kites (d) woollen sweaters
  8. 8.True or false: “a toy robot” is a need. (a) False (b) True
  9. 9.🔍 Which is the odd one out? (a) soap (b) drinking water (c) a warm blanket (d) a video game
  10. 10.True or false: “a roof over your head” is a need. (a) True (b) False
  11. 11.❄️ On a cold winter morning, which stall would most people want? (a) hot drinks (b) ice lollies (c) paper fans (d) water guns
  12. 12.Which of these is a need? (a) a glitter pen set (b) a school uniform (c) a bigger TV (d) designer sunglasses
  13. 13.🛒 A family has little money. What should it buy first? (a) the most fun thing (b) the wants (c) the needs (d) the costliest thing
  14. 14.Which of these is a need? (a) drinking water (b) a third pair of shoes (c) sweets every day (d) a fancy phone cover
  15. 15.True or false: “a school uniform” is a need. (a) True (b) False
  16. 16.🔍 Which is the odd one out? (a) soap (b) medicine when ill (c) sweets every day (d) a roof over your head
  17. 17.Which of these is a need? (a) a warm blanket (b) a video game (c) a bigger TV (d) a third pair of shoes
  18. 18.True or false: “designer sunglasses” is a want. (a) False (b) True
  19. 19.Which of these is a want? (a) notebooks for school (b) a warm blanket (c) drinking water (d) a party dress
  20. 20.True or false: “a bigger TV” is a want. (a) False (b) True
  21. 21.Which of these is a need? (a) notebooks for school (b) a toy robot (c) a video game (d) a sticker album
  22. 22.🔍 Which is the odd one out? (a) a warm blanket (b) notebooks for school (c) a school uniform (d) designer sunglasses
  23. 23.True or false: “sweets every day” is a want. (a) True (b) False
  24. 24.True or false: “medicine when ill” is a need. (a) True (b) False
  25. 25.🛒 Need or want: sweets every day? (a) a want (b) a need
  26. 26.True or false: “a bigger TV” is a need. (a) True (b) False
  27. 27.🛒 Need or want: soap? (a) a want (b) a need
  28. 28.True or false: “school shoes” is a need. (a) False (b) True
  29. 29.Which of these is a need? (a) a third pair of shoes (b) a video game (c) school shoes (d) sweets every day
  30. 30.True or false: “a glitter pen set” is a need. (a) False (b) True
  31. 31.True or false: “a warm blanket” is a want. (a) True (b) False
  32. 32.🛒 Need or want: medicine when ill? (a) a want (b) a need
  33. 33.🛒 Need or want: rice and dal? (a) a want (b) a need
  34. 34.🔍 Which is the odd one out? (a) rice and dal (b) a party dress (c) a toy robot (d) a bigger TV
  35. 35.Which of these is a need? (a) a party dress (b) soap (c) a fancy phone cover (d) a toy robot
  36. 36.True or false: “soap” is a want. (a) True (b) False
  37. 37.🎯 A want can still be a good business when… (a) nobody likes it (b) it is not safe (c) many people want it (d) it breaks the rules
  38. 38.True or false: “a third pair of shoes” is a need. (a) False (b) True
  39. 39.🛍️ Why do businesses that meet needs often sell all year? (a) people always need them (b) needs are always free (c) nobody buys needs (d) needs are toys
  40. 40.Which of these is a want? (a) a warm blanket (b) a video game (c) school shoes (d) medicine when ill

Answer key

  1. False
  2. True
  3. we must have to live
  4. a want
  5. a need
  6. a bigger TV
  7. umbrellas and raincoats
  8. False
  9. a video game
  10. True
  11. hot drinks
  12. a school uniform
  13. the needs
  14. drinking water
  15. True
  16. sweets every day
  17. a warm blanket
  18. True
  19. a party dress
  20. True
  21. notebooks for school
  22. designer sunglasses
  23. True
  24. True
  25. a want
  26. False
  27. a need
  28. True
  29. school shoes
  30. False
  31. False
  32. a need
  33. a need
  34. rice and dal
  35. soap
  36. False
  37. many people want it
  38. False
  39. people always need them
  40. a video game

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