Entrepreneurship in your Community: Creating your own Career
Effective entrepreneurship requires that students have a keen understanding of the ways in
which individuals, businesses, governments, and societies make decisions to allocate human
capital, physical capital, and natural resources among alternative uses. This is part of the
economic reasoning process and involves the consideration of costs and benefits with the
ultimate goal of making decisions that will enable individuals, businesses, and societies to be as
well-off as possible. The study of entrepreneurship provides students with the concepts and tools
necessary for an economic way of thinking and helps them understand the interaction of buyers
and sellers in markets everywhere. Economic reasoning and skillful use of economic tools draw
upon a strong base of knowledge about human capital, land, investments, money, income and
production, taxation, all of which are essential to being a successful entrepreneur.
In addition, there are editable slides created for you to use in your own classrooms!