Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 91 · 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: “sweets every day” is a need. (a) False (b) True
2. 2.🛒 Need or want: a glitter pen set? (a) a need (b) a want
3. 3.True or false: “drinking water” is a want. (a) True (b) False
4. 4.🛍️ Why do businesses that meet needs often sell all year? (a) needs are toys (b) nobody buys needs (c) needs are always free (d) people always need them
5. 5.True or false: “a party dress” is a want. (a) False (b) True
6. 6.True or false: “a school uniform” is a need. (a) False (b) True
7. 7.🍱 A tiffin service mostly meets which? (a) a want: toys (b) a need: food (c) nothing at all (d) a want: games
8. 8.True or false: “soap” is a want. (a) True (b) False
9. 9.🛒 A family has little money. What should it buy first? (a) the wants (b) the needs (c) the most fun thing (d) the costliest thing
10. 10.Which of these is a need? (a) a fancy phone cover (b) soap (c) a sticker album (d) a third pair of shoes
11. 11.Which of these is a want? (a) designer sunglasses (b) school shoes (c) a roof over your head (d) soap
12. 12.🛒 Need or want: sweets every day? (a) a want (b) a need
13. 13.🔍 Which is the odd one out? (a) a fancy phone cover (b) a sticker album (c) designer sunglasses (d) a school uniform
14. 14.🔍 Which is the odd one out? (a) a toy robot (b) rice and dal (c) a video game (d) sweets every day
15. 15.True or false: “a sticker album” is a need. (a) False (b) True
16. 16.🛒 Need or want: notebooks for school? (a) a want (b) a need
17. 17.Which of these is a want? (a) a warm blanket (b) sweets every day (c) a roof over your head (d) soap
18. 18.Which of these is a want? (a) a sticker album (b) soap (c) school shoes (d) rice and dal
19. 19.🛒 Need or want: soap? (a) a need (b) a want
20. 20.True or false: “medicine when ill” is a want. (a) False (b) True
21. 21.Which of these is a want? (a) soap (b) drinking water (c) a school uniform (d) a fancy phone cover
22. 22.🔍 Which is the odd one out? (a) a school uniform (b) school shoes (c) soap (d) a third pair of shoes
23. 23.🔍 Which is the odd one out? (a) school shoes (b) drinking water (c) a warm blanket (d) a glitter pen set
24. 24.🔍 Which is the odd one out? (a) drinking water (b) a fancy phone cover (c) a glitter pen set (d) a bigger TV
25. 25.🎯 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
26. 26.True or false: “rice and dal” is a want. (a) False (b) True
27. 27.☔ In the monsoon, which would sell best at a school gate? (a) ice lollies (b) paper kites (c) woollen sweaters (d) umbrellas and raincoats
28. 28.True or false: “a warm blanket” is a want. (a) True (b) False
29. 29.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) ice lollies (c) hot drinks (d) water guns
30. 30.True or false: “a toy robot” is a need. (a) True (b) False
31. 31.Which of these is a want? (a) school shoes (b) a video game (c) a warm blanket (d) a roof over your head
32. 32.🛒 Need or want: bus fare to school? (a) a need (b) a want
33. 33.True or false: “soap” is a need. (a) True (b) False
34. 34.🛒 Need or want: a video game? (a) a need (b) a want
35. 35.🛒 Need or want: medicine when ill? (a) a need (b) a want
36. 36.💡 A need is something… (a) only rich people buy (b) nice but not needed (c) made of plastic (d) we must have to live
37. 37.🔍 Which is the odd one out? (a) a school uniform (b) drinking water (c) rice and dal (d) a fancy phone cover
38. 38.True or false: “school shoes” is a want. (a) False (b) True
39. 39.Which of these is a need? (a) a warm blanket (b) a bigger TV (c) a video game (d) a third pair of shoes
40. 40.Which of these is a need? (a) sweets every day (b) notebooks for school (c) a fancy phone cover (d) a bigger TV

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