Economics – 10/09/2015

I.  Bellwork

Based upon the information provided in the table below, what are three conclusions you can make when comparing a traditional and market economy.

Traditional & Command Chart

II.  Objective:

  • Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors.
  • Demonstrate understanding of written, spoken, or visual information by restating, paraphrasing, summarizing, critiquing, or composing a personal response.

III.  Chapter 2 Retake on Tuesday after school @ 2:30 pm. 

  • I will be here for night school today after school

IV.  Classwork:

Write down the questions below.  Answer the questions for each entrepreneur and turn them in today.

  1. What is the product/service or idea?
  2. What is the entrepreneur asking for and what are they willing to give up?
  3. What decision was made?
  4. Explain your opinion on the product and deal that was or wasn’t made. 1-2 sentences


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