Economics: Lesson Plans
Classroom Activities:
This is an activity where students are able to create and operate their own businesses. It gives students an opportunity to evaluate their individual interests, skills, and resources; choose a company structure; assess the market; and then develop a plan to advertise and sell a good or service for profit. They had to take into consideration the costs of purchasing capital goods and renting space for their business and would calculate their net profit at the end of the day. Students reflect on their experience and offer advice to younger peers.
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