Here's why:
* Folklore Origins: It's a story passed down orally for generations and has many variations across cultures.
* Magical Elements: The story features talking animals, a villainous wolf, and a house made of straw.
* Moral Lesson: It teaches a valuable lesson about hard work, preparedness, and the consequences of laziness.
* Simple Structure: The story has a straightforward plot and clear characters.
* Happy Ending: The story ends with the protagonist(s) triumphing over evil.
While it has elements of a fable (animals with human qualities and a moral lesson), it's more accurately categorized as a fairy tale because of its fantastical elements and oral tradition.