Objectives:
• Define the four factors of production and their role in entrepreneurship.
• Analyze the impact of each factor on the success of a business venture.
• Apply economic concepts to make informed decisions for an entrepreneurial venture.
National Standards: Complies with NBEA Entrepreneurship 2023 Standard IV.A.3: Explain factors of production.
• Define the four factors of production and their role in entrepreneurship.
• Analyze the impact of each factor on the success of a business venture.
• Apply economic concepts to make informed decisions for an entrepreneurial venture.
National Standards: Complies with NBEA Entrepreneurship 2023 Standard IV.A.3: Explain factors of production.
Materials:
• Computer and projection screen for video
• Discussion Handouts
• Paper/Flipchart paper for signs
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