Incentives, Profit and the Entrepreneur

Learners investigate entrepreneurship and create their own company. In this economics lesson plan, students discuss the importance of business and what is required for ceo to be successful. This assignment requires defining basic...

High schoolers explore entrepreneurship. In this economic study lesson, students take a pretest on attitudes, review characteristics that make up an entrepreneur, review a list of famous entrepreneurs, and create a 5 minute oral...

Students identify entrepreneurial opportunities that exist in their own community. From this information they determine possible market niches and identify potential businesses that could be started to meet the demands of these niches...

Students determine what price must be charged in order for an entrepreneur to breakeven and to make a profit. They calculate the breakeven price, identify opportunity costs, and write a paragraph explaining what costs should be used for...

Class members begin this engaging economics activity by listing all the resources used in the production of a car, and use that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources,...

One page of multiple choice and matching questions assess understanding of basic economics concepts like free enterprise, private property rights, and profit motive. Even though this quiz is intended to accompany a specific textbook, it...

Students focus on the role played by a nation's institutions in generating creativity, invention and innovation, and analyzes how innovation promotes the economic growth that raises standards of living and alleviates poverty.

Industrialization and mechanization of products such as cars have deeply affected the US economy. The class discusses the affects of Ford's assembly line production of automobiles. They watch a video, fill out worksheets, and investigate...

Students explore the effects of Ford's use of the assembly line, auto financing, and increased wages to make his fortune. They complete a worksheet using the internet.

Learners discuss if capitalism is good for the poor sector of community. Reading a case study, they characterize markets by the amount of competition. They answer questions and discuss the answers as a class. They examine the amount of...