The Business Environment
How do different economies work?
- Explain the concept of private enterprise
Objectives - We will do this together in class
a. Define the term private enterprise.
b. Describe the characteristics of a private enterprise system.
c. Discuss the advantages and disadvantages of private enterprise.
d. Explain the economic freedoms found in a private enterprise system.
e. Describe the limits to freedom in a private enterprise system.
a. Define the term private enterprise.
b. Describe the characteristics of a private enterprise system.
c. Discuss the advantages and disadvantages of private enterprise.
d. Explain the economic freedoms found in a private enterprise system.
e. Describe the limits to freedom in a private enterprise system.
Articles/Resources
Market economy: Characteristics, examples, pros, cons
Capitalism
Free enterprise
Explain a free enterprise economic system
The five characteristics of free enterprise
Features of the market economic system
How the American free enterprise system creates jobs and prosperity
What is free enterprise economy?
Market economy: Characteristics, examples, pros, cons
Capitalism
Free enterprise
Explain a free enterprise economic system
The five characteristics of free enterprise
Features of the market economic system
How the American free enterprise system creates jobs and prosperity
What is free enterprise economy?
| week_13_enterprise.pdf |
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Chapter 3: Market economy
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The promise of free enterprise
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Activity
Brainstorm to create a list of benefits that YOU receive by living in a country in which private enterprise is practiced. Students should identify disadvantages that they have experienced in a private enterprise system.
Brainstorm to create a list of benefits that YOU receive by living in a country in which private enterprise is practiced. Students should identify disadvantages that they have experienced in a private enterprise system.
- You may work alone or with one partner.
- Upload your list on a Google Document to Google Classroom.
How do different economies work?
- Identify the impact of small business/entrepreneurship on market economies
Objectives - We will do this together in class
a. Define the terms small business and entrepreneurship.
b. Explain the relationship between small business and entrepreneurship.
c. Describe barriers to small business/entrepreneurial success.
d. Discuss reasons for the growth of small business.
e. Identify ways that small business has contributed to society.
a. Define the terms small business and entrepreneurship.
b. Explain the relationship between small business and entrepreneurship.
c. Describe barriers to small business/entrepreneurial success.
d. Discuss reasons for the growth of small business.
e. Identify ways that small business has contributed to society.
Articles/References
The barriers to entrepreneurship are coming down
Top 5 contributions of entrepreneurship in society
How important are small businesses to local economies?
Why are entrepreneurs important?
The barriers to entrepreneurship are coming down
Top 5 contributions of entrepreneurship in society
How important are small businesses to local economies?
Why are entrepreneurs important?
| week_14_small_business.pdf |
Economic truth--Entrepreneurs drive the American economy
Activity
Determine what constitutes a “small business” in our economy. In addition, identify local small businesses and determine ways that the businesses have contributed to society. Write a (ONE PAGE, DOUBLE SPACED, TIMES NEW ROMAN 12, 1 inch margins) paper about the businesses’ contributions.
Determine what constitutes a “small business” in our economy. In addition, identify local small businesses and determine ways that the businesses have contributed to society. Write a (ONE PAGE, DOUBLE SPACED, TIMES NEW ROMAN 12, 1 inch margins) paper about the businesses’ contributions.
- You may work alone or with ONE partner.
- Upload your paper to Google Classroom. 30 points.
- You will present at least 1 minute each for each person in the group. 50 points.
- FBLA dress code - 20 points.