Economics
Economics
Unit 2 | Topic 5 | Business and Labor
Unit 2 | Topic 5 | Business and Labor
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Why do some businesses succeed and others fail?
Why do some businesses succeed and others fail?
Introduction to Topic 5
Introduction to Topic 5
My Story: Melissa Grows a Business
My Story: Melissa Grows a Business
In a free market economy, business owners and working people interact with each other to achieve goals. The goal of businesses may be to make a profit or may be to achieve a result that benefits others. The decisions made by business owners affect the labor force, including its size and makeup, the unemployment rate, and wage levels. The labor force also has an effect on the economy. Workers may form labor unions in an effort to achieve goals such as better working conditions and fair wages.
Topic 5.1
Topic 5.1
Sole Proprietorship
Sole Proprietorship
What are the risks and benefits of a sole proprietorship?
Topic 5.2
Topic 5.2
Partnerships and Franchises
Partnerships and Franchises
What are the risks and benefits of partnerships and franchises?
Topic 5.3
Topic 5.3
Corporations
Corporations
What are the risks and benefits of corporations?
Topic 5.4
Topic 5.4
Cooperatives and Nonprofits
Cooperatives and Nonprofits
How are some businesses organized to help others?
Topic 5.5
Topic 5.5
The Labor Force
The Labor Force
How do economic trends affect workers?
Topic 5.6
Topic 5.6
Labor and Wages
Labor and Wages
Why do some people earn more than others?
Topic 5.7
Topic 5.7
Labor Unions
Labor Unions
How do labor unions support the interests of workers?
IN_Econ_Topic05_GuideAssessment.pdfTopic 5 Quick Study Guide
Topic 5 Quick Study Guide
Why do some businesses succeed and others fail?
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