← Needs and wants lesson New set →

Entrepreneurship for Kids Worksheet: Needs and Wants

Entrepreneurship lesson 2: Needs and wants · Set 999 · 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 need? (a) a sticker album (b) a video game (c) a fancy phone cover (d) a roof over your head
  2. 2.True or false: “sweets every day” is a need. (a) True (b) False
  3. 3.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) ice lollies (c) water guns (d) hot drinks
  4. 4.🍱 A tiffin service mostly meets which? (a) a need: food (b) a want: toys (c) a want: games (d) nothing at all
  5. 5.🔍 Which is the odd one out? (a) a video game (b) a toy robot (c) a fancy phone cover (d) medicine when ill
  6. 6.🔍 Which is the odd one out? (a) school shoes (b) notebooks for school (c) rice and dal (d) a toy robot
  7. 7.🛒 Need or want: a sticker album? (a) a need (b) a want
  8. 8.True or false: “bus fare to school” is a need. (a) False (b) True
  9. 9.True or false: “medicine when ill” is a need. (a) False (b) True
  10. 10.True or false: “a sticker album” is a need. (a) False (b) True
  11. 11.True or false: “a bigger TV” is a want. (a) False (b) True
  12. 12.🛒 Need or want: a glitter pen set? (a) a need (b) a want
  13. 13.🛒 Need or want: bus fare to school? (a) a want (b) a need
  14. 14.☔ In the monsoon, which would sell best at a school gate? (a) umbrellas and raincoats (b) woollen sweaters (c) ice lollies (d) paper kites
  15. 15.🛒 Need or want: school shoes? (a) a need (b) a want
  16. 16.💡 A need is something… (a) made of plastic (b) only rich people buy (c) nice but not needed (d) we must have to live
  17. 17.🔍 Which is the odd one out? (a) notebooks for school (b) a bigger TV (c) a third pair of shoes (d) a fancy phone cover
  18. 18.🛍️ 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
  19. 19.🔍 Which is the odd one out? (a) a sticker album (b) bus fare to school (c) medicine when ill (d) a roof over your head
  20. 20.Which of these is a want? (a) a roof over your head (b) school shoes (c) notebooks for school (d) a video game
  21. 21.Which of these is a need? (a) a toy robot (b) designer sunglasses (c) soap (d) a video game
  22. 22.🎯 A want can still be a good business when… (a) many people want it (b) it is not safe (c) nobody likes it (d) it breaks the rules
  23. 23.🛒 A family has little money. What should it buy first? (a) the wants (b) the costliest thing (c) the most fun thing (d) the needs
  24. 24.🛒 Need or want: notebooks for school? (a) a need (b) a want
  25. 25.True or false: “a glitter pen set” is a want. (a) False (b) True
  26. 26.🛒 Need or want: soap? (a) a want (b) a need
  27. 27.🛒 Need or want: a party dress? (a) a need (b) a want
  28. 28.🔍 Which is the odd one out? (a) medicine when ill (b) designer sunglasses (c) a warm blanket (d) school shoes
  29. 29.Which of these is a want? (a) a warm blanket (b) a third pair of shoes (c) rice and dal (d) school shoes
  30. 30.🔍 Which is the odd one out? (a) sweets every day (b) bus fare to school (c) a video game (d) a third pair of shoes
  31. 31.🔍 Which is the odd one out? (a) a glitter pen set (b) a sticker album (c) soap (d) a video game
  32. 32.Which of these is a need? (a) a party dress (b) a glitter pen set (c) drinking water (d) a bigger TV
  33. 33.🛒 Need or want: a warm blanket? (a) a need (b) a want
  34. 34.Which of these is a want? (a) drinking water (b) rice and dal (c) a toy robot (d) a warm blanket
  35. 35.True or false: “school shoes” is a need. (a) True (b) False
  36. 36.Which of these is a need? (a) a fancy phone cover (b) bus fare to school (c) a sticker album (d) designer sunglasses
  37. 37.True or false: “a warm blanket” is a need. (a) False (b) True
  38. 38.True or false: “a fancy phone cover” is a need. (a) True (b) False
  39. 39.Which of these is a want? (a) a school uniform (b) a warm blanket (c) soap (d) a fancy phone cover
  40. 40.🛒 Need or want: a bigger TV? (a) a want (b) a need

Answer key

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

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