Students will be able to:
- Define characteristics of entrepreneurship, identify risks and rewards of being an entrepreneur.
- Distinguish between businesses that produce goods and those that provide services.
In this economics lesson, students will read a popular children’s book to learn about entrepreneurship.
Grades 3-5, 6-8, 9-12
In this economics video, students will learn about scarcity.
Key Concepts: Economic Systems, Goods and Services, Scarcity
In this economics lesson, students will learn about 3 types of business organizations using candy companies.
Key Concepts: Entrepreneurs, Market Structures
In this economics lesson, students will calculate risks associated with starting a new business.
Key Concepts: Decision Making/Cost-Benefit Analysis, Entrepreneurs, Incentives