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Open for Business!
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This engaging lesson gives students the opportunity to identify risks and rewards of entrepreneurship and distinguish between entrepreneurs who start a business to produce a good or provide a service.
Grades:
Concepts:
- Benefit
- Business
- Capital Resources
- Consumers
- Entrepreneur
- Goods
- Human Resources
- Natural Resources
- Opportunity Cost
- Productive Resources
- Risk
- Services
Standards:
- Economics 1: Scarcity
- Economics 2: Marginal Cost/Benefit
- Economics 4: Role of Incentives
- Economics 14: Profit and the Entrepreneur
Related Resources:
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