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Lesson Plan

Econ Ed Link: All in Business

Curated by ACT

This activity on entrepreneurship can be used to help students understand what innovations are, and what it takes to get an idea off the ground. This activity will take students through the process of calculating risks associated with starting a new business - the decisions and choices they'd have to make and how to calculate what makes something "worth" the risks.

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Additional Tags
calculating risks, choice, council for economic education, decision making, econedlink, entrepreneurship, incentive, risk, advantages and disadvantages of entrepreneurship, cost/benefit of technology
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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)