A High School Economics Guide Supplementary resources for high school students Show
Definitions and BasicsDefinition:
Entrepreneurship. Concise Encyclopedia of Economics.
In the News and ExamplesBrendan O’Donohoe on Potato Chips and Salty Snacks. EconTalk podcast episode, August 2011. See also this lesson plan from AdamSmithWorks based on this podcast: Adam Smith’s Potato Chips.
The Sharing Economy is as Old as Markets, by Dwight R. Lee at Econlib, August 2, 2015.
Lisa Turner on Organic Farming. EconTalk podcast episode, December 2012.
Chris Anderson on Makers and Manufacturing. EconTalk podcast episode, December 2012.
Elizabeth Pape on Manufacturing and Selling Women’s Clothing and Elizabeth Suzann. EconTalk podcast episode, April 2017.
Advertising, from the Concise Encyclopedia of Economics
Labor Unions, from the Concise Encyclopedia of Economics
A Little History: Primary Sources and ReferencesAdvanced ResourcesPrice Discrimination and the Future of Movies, by Adam Martin at Econlib, November 2, 2020.
The Distribution of Wealth, by John Bates Clark
Related TopicsEntrepreneurs Profit Supply Productive Resources Consumers Roles of Government Technology What is the term for a business that is co owned by two or more people who agree on how responsibilities profits, and losses will be divided?A general partnership is a company owned by two or more individuals who agree to run the business as partners or co-owners. Unless otherwise agreed, each partner has an equal share of profits and losses.
What is a business organization Econ?business organization, an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.
What is a business owned and operated by a single person called?A sole proprietorship—also referred to as a sole trader or a proprietorship—is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business. Many sole proprietors do business under their own names because creating a separate business or trade name isn't necessary.
Which type of business is owned by shareholders who have a right to company profits?A corporation is a business owned by stockholders, who own the rights to the company's profits but face limited liability for the company's debts and losses.
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