Basis Of Entrepreneurship

Entrepreneurship Understanding basic economic concepts related to business ownership

Students will understand basic economic concepts related to business ownership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Entrepreneurship ,[object Object]

Profit Motive ,[object Object],[object Object]

Effects of Supply on Businesses ,[object Object],The more money that can be charged for each item . . . the more units the supplier is willing to produce.

Effects of Demand on Businesses ,[object Object],As the price continues to rise . . . the less units the consumer is willing to buy.

Effects of Scarcity on Businesses ,[object Object]

Concept of Equilibrium ,[object Object],Equilibrium

Contributions by Small Business Owners and Entrepreneurs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Role of Competition and How It Affects Price ,[object Object],[object Object], Not all markets are competitive

How “Market Structure” Affects Price (i.e., monopolies) ,[object Object],[object Object],[object Object],Microsoft’s Bill Gates In 1998, the US Dept of Justice filed an anti-trust lawsuit against Microsoft. See Wikipedia for more information.

Government’s Role in Business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Government Programs and Laws to Protect Consumers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Laws Enacted by the Government to Protect the Consumer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Laws Enacted by the Government to Protect the Consumer (cont’d.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

More Laws Enacted by the Government to Protect the Consumer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Protect Your Invention/Business ,[object Object],[object Object],[object Object],[object Object]

Let’s Review ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Basis Of Entrepreneurship

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