Objectives:
- Understand the basic principles of a market economy.
- Learn how a market economy solves the problems of what, how, and for whom to produce.
- Apply economic concepts when making decisions for an entrepreneurial venture.
Age Level: Early secondary school
National Standards: Complies with NBEA Entrepreneurship 2023 Standard IV.A.5: Describe how a market economy resolves the problems of what, how, and for whom to produce.
Materials:
- Strips of paper for bell activity
- Activity Materials: Chart paper, markers, compare and contrast handout
- Case study handout
- Computer or projector to display the video
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