← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 942 · 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 of these is a want? (a) drinking water (b) a toy robot (c) bus fare to school (d) a school uniform
  2. 2.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) ice lollies (c) water guns (d) hot drinks
  3. 3.🔍 Which is the odd one out? (a) a party dress (b) a sticker album (c) a third pair of shoes (d) notebooks for school
  4. 4.True or false: “rice and dal” is a want. (a) True (b) False
  5. 5.🎯 A want can still be a good business when… (a) many people want it (b) nobody likes it (c) it breaks the rules (d) it is not safe
  6. 6.True or false: “a school uniform” is a want. (a) True (b) False
  7. 7.🔍 Which is the odd one out? (a) a school uniform (b) medicine when ill (c) drinking water (d) a video game
  8. 8.🔍 Which is the odd one out? (a) a third pair of shoes (b) sweets every day (c) soap (d) a party dress
  9. 9.🛒 Need or want: a video game? (a) a need (b) a want
  10. 10.🔍 Which is the odd one out? (a) rice and dal (b) designer sunglasses (c) a roof over your head (d) soap
  11. 11.🛒 Need or want: a school uniform? (a) a need (b) a want
  12. 12.🔍 Which is the odd one out? (a) a glitter pen set (b) a party dress (c) a roof over your head (d) sweets every day
  13. 13.True or false: “a warm blanket” is a need. (a) True (b) False
  14. 14.🛒 Need or want: drinking water? (a) a need (b) a want
  15. 15.True or false: “a sticker album” is a need. (a) True (b) False
  16. 16.🔍 Which is the odd one out? (a) rice and dal (b) notebooks for school (c) a third pair of shoes (d) school shoes
  17. 17.True or false: “a bigger TV” is a want. (a) False (b) True
  18. 18.Which of these is a need? (a) a toy robot (b) a sticker album (c) a video game (d) a roof over your head
  19. 19.🛒 Need or want: a roof over your head? (a) a need (b) a want
  20. 20.True or false: “a glitter pen set” is a want. (a) False (b) True
  21. 21.🛒 Need or want: medicine when ill? (a) a want (b) a need
  22. 22.💡 A need is something… (a) nice but not needed (b) only rich people buy (c) made of plastic (d) we must have to live
  23. 23.True or false: “medicine when ill” is a want. (a) False (b) True
  24. 24.Which of these is a need? (a) notebooks for school (b) a toy robot (c) designer sunglasses (d) a party dress
  25. 25.🔍 Which is the odd one out? (a) a fancy phone cover (b) a warm blanket (c) a toy robot (d) a party dress
  26. 26.True or false: “notebooks for school” is a want. (a) True (b) False
  27. 27.Which of these is a need? (a) a party dress (b) a toy robot (c) a warm blanket (d) a glitter pen set
  28. 28.True or false: “a video game” is a want. (a) True (b) False
  29. 29.🛍️ Why do businesses that meet needs often sell all year? (a) nobody buys needs (b) needs are toys (c) needs are always free (d) people always need them
  30. 30.True or false: “school shoes” is a need. (a) False (b) True
  31. 31.🛒 Need or want: a sticker album? (a) a need (b) a want
  32. 32.🛒 Need or want: a party dress? (a) a need (b) a want
  33. 33.True or false: “a third pair of shoes” is a need. (a) True (b) False
  34. 34.🛒 Need or want: bus fare to school? (a) a want (b) a need
  35. 35.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) paper kites (c) umbrellas and raincoats (d) ice lollies
  36. 36.🛒 Need or want: a fancy phone cover? (a) a want (b) a need
  37. 37.🔍 Which is the odd one out? (a) bus fare to school (b) sweets every day (c) a roof over your head (d) drinking water
  38. 38.🛒 Need or want: a glitter pen set? (a) a want (b) a need
  39. 39.True or false: “a third pair of shoes” is a want. (a) True (b) False
  40. 40.Which of these is a need? (a) a toy robot (b) designer sunglasses (c) a video game (d) a school uniform

Answer key

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

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