Students explore the concept of algebra in real world situations. In this economics lesson, students design, plan, run, and evaluate a small business. Students will create a product, market the product, and try to make a profit.

Students pretend to borrow $1000.00 on a credit card. They pretend to make the minimum payments for a year. When they're done, they make a pie chart showing how much of their payments reduced their debt, and how much was interest.