Unit 3

  • Economics - Unit 3

    Entrepreneurship & Economic Growth


    Notes


    Summary

    This unit bundles student expectations that address entrepreneurship and its connection to economic growth. A cornerstone of economic growth in the U.S. free enterprise system is the creation of businesses. It is important for students to examine how entrepreneurship promotes innovation and economic development in order to understand the operation of the U.S. economy.

    Prior to this unit, students learned about the influence of supply and demand, market structures and trade in the context of examining how markets operate.

    During this unit, students study about aspects of business ownership, including types of businesses and business regulations. Additionally students learn about key components of economic growth and how to interpret economic measurements to evaluate economic growth.