Entrepreneurship

What strengths does the free market economy have and how does it affects development and production of goods?

Guiding Questions

• What is an entrepreneur?
• What principles of government must be present to enable a free market economy to thrive?
• What is the role of freedom in industrial development?

Objectives

• The student will understand the characteristics and role of an entrepreneur in a free market economy.
• The student will understand how political and economic freedom is vital in a free market economy.
• The student will describe the connection between economic and political limitations or restrictions, and stunted economic growth.

Student Handouts

• Entrepreneurship Essay
• Handout A: Book Stand Group Task Sheets (one copy per class)
• Handout B: Book Stand Results (one copy per workgroup)
• Handout C: Bridge Group Task Sheets (one copy per class)
• Handout D: Bridge Results (one copy per workgroup)
• Handout E: Entrepreneurship Concluding Thoughts (one copy per student)

Student Materials

• 800 Pipe cleaners (100 for each of eight groups per class)
• 400 Miniature marshmallows (50 – about ½ cup – for each of 8 groups per class) A 10-ounce package of mini-marshmallows contains about 6 cups.
• Paper cups and coins to weight-test the bridges
• Cards made from Task Sheets, Handouts A and C. Since these pages are to be cut apart into squares, you will need only one copy of Handouts A and C per class.