← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 918 · 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.🔍 Which is the odd one out? (a) a school uniform (b) school shoes (c) a fancy phone cover (d) soap
  2. 2.Which of these is a need? (a) medicine when ill (b) a third pair of shoes (c) designer sunglasses (d) a bigger TV
  3. 3.True or false: “medicine when ill” is a want. (a) False (b) True
  4. 4.🛒 A family has little money. What should it buy first? (a) the needs (b) the costliest thing (c) the most fun thing (d) the wants
  5. 5.True or false: “a third pair of shoes” is a need. (a) False (b) True
  6. 6.Which of these is a need? (a) a bigger TV (b) a third pair of shoes (c) a toy robot (d) drinking water
  7. 7.🛒 Need or want: sweets every day? (a) a want (b) a need
  8. 8.🔍 Which is the odd one out? (a) a toy robot (b) a sticker album (c) school shoes (d) a fancy phone cover
  9. 9.💡 A need is something… (a) nice but not needed (b) made of plastic (c) we must have to live (d) only rich people buy
  10. 10.Which of these is a need? (a) a third pair of shoes (b) a sticker album (c) a party dress (d) a roof over your head
  11. 11.🛒 Need or want: designer sunglasses? (a) a need (b) a want
  12. 12.Which of these is a want? (a) rice and dal (b) soap (c) a third pair of shoes (d) drinking water
  13. 13.🛒 Need or want: a third pair of shoes? (a) a need (b) a want
  14. 14.🛒 Need or want: bus fare to school? (a) a want (b) a need
  15. 15.🛒 Need or want: a bigger TV? (a) a want (b) a need
  16. 16.True or false: “a sticker album” is a want. (a) False (b) True
  17. 17.Which of these is a want? (a) a warm blanket (b) medicine when ill (c) designer sunglasses (d) school shoes
  18. 18.🛒 Need or want: a sticker album? (a) a want (b) a need
  19. 19.🔍 Which is the odd one out? (a) designer sunglasses (b) school shoes (c) drinking water (d) bus fare to school
  20. 20.True or false: “a toy robot” is a need. (a) True (b) False
  21. 21.🔍 Which is the odd one out? (a) a third pair of shoes (b) sweets every day (c) designer sunglasses (d) drinking water
  22. 22.🛒 Need or want: drinking water? (a) a need (b) a want
  23. 23.🔍 Which is the odd one out? (a) drinking water (b) rice and dal (c) bus fare to school (d) a bigger TV
  24. 24.Which of these is a want? (a) school shoes (b) a glitter pen set (c) medicine when ill (d) a roof over your head
  25. 25.Which of these is a need? (a) a video game (b) a glitter pen set (c) rice and dal (d) a bigger TV
  26. 26.True or false: “a warm blanket” is a need. (a) False (b) True
  27. 27.True or false: “a school uniform” is a want. (a) True (b) False
  28. 28.Which of these is a want? (a) notebooks for school (b) rice and dal (c) a sticker album (d) bus fare to school
  29. 29.🛒 Need or want: rice and dal? (a) a want (b) a need
  30. 30.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) ice lollies (c) paper kites (d) umbrellas and raincoats
  31. 31.True or false: “notebooks for school” is a want. (a) True (b) False
  32. 32.🛍️ Why do businesses that meet needs often sell all year? (a) needs are always free (b) nobody buys needs (c) needs are toys (d) people always need them
  33. 33.Which of these is a want? (a) medicine when ill (b) a roof over your head (c) a toy robot (d) a warm blanket
  34. 34.True or false: “drinking water” is a want. (a) False (b) True
  35. 35.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) water guns (c) hot drinks (d) ice lollies
  36. 36.True or false: “a party dress” is a want. (a) False (b) True
  37. 37.True or false: “a roof over your head” is a want. (a) True (b) False
  38. 38.True or false: “school shoes” is a want. (a) False (b) True
  39. 39.🔍 Which is the odd one out? (a) a video game (b) school shoes (c) medicine when ill (d) rice and dal
  40. 40.🛒 Need or want: school shoes? (a) a need (b) a want

Answer key

  1. a fancy phone cover
  2. medicine when ill
  3. False
  4. the needs
  5. False
  6. drinking water
  7. a want
  8. school shoes
  9. we must have to live
  10. a roof over your head
  11. a want
  12. a third pair of shoes
  13. a want
  14. a need
  15. a want
  16. True
  17. designer sunglasses
  18. a want
  19. designer sunglasses
  20. False
  21. drinking water
  22. a need
  23. a bigger TV
  24. a glitter pen set
  25. rice and dal
  26. True
  27. False
  28. a sticker album
  29. a need
  30. umbrellas and raincoats
  31. False
  32. people always need them
  33. a toy robot
  34. False
  35. hot drinks
  36. True
  37. False
  38. False
  39. a video game
  40. a need

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