Economics

Unit 2 | Topic 5.1 | Sole Proprietorship

What are the risks and benefits of a sole proprietorship?

Objectives

Explain the characteristics of a sole proprietorship.
Analyze the advantages of a sole proprietorship.
Analyze the disadvantages of a sole proprietorship.
Analyze the economic rights and responsibilities involved in starting a small business.

Procedure

Review the Aim and notes from your initial text read.
Participate in the corresponding lesson topic presentation, revising notes.
Watch corresponding video(s); further revising notes.
Complete teacher instructed assignments.

Extension

Prepare for your next class session by reading the next topic section in your text, recording alphanumeric/Cornell notes.
Complete the next topic's Interactive Reading Notepad.

Econ 8.1

View Presentation

Record and revise notes

View the corresponding topic presentation; pausing and playing as needed to record and revise notes.

Watch Small Business Guides by Xero Video

Record and revise notes

Watch the corresponding topic video; pausing and playing as needed to record and revise notes.

Lesson 5.1

Lesson Materials

Sole Proprietorship

By the end of this lesson, students should be able to explain the characteristics of a sole proprietorship; analyze the advantages of a sole proprietorship; analyze the disadvantages of a sole proprietorship; analyze the economic rights and responsibilities of a small business.

Eco 5.1 Interactive Reader.pdf

Interactive Reading Notepad

This supplemental support instructional activity provides access and reading supports of concepts of the content through active literacy.

econ_summary_en_05_01.pdf

Instructional Summary

This supplemental support instructional one-pager provides the basic concepts of the content of the lesson.

5.1 Instructional Exit Ticket.docx

Instructional Exit Ticket

What are the risks and benefits of a sole proprietorship?

Topic 5.2

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