Questions to focus on for today’s lesson and activities:
- How do businesses meet the needs and wants of consumers?
- What are the different ways in which people start businesses to meet the needs and wants of consumers?
- How are markets, consumers and producers interdependent in the Canadian business environment?
(A) Meeting the Needs and Wants of Consumers- Factors of Production: Watch the following video on the Factors of Production and Read 1-6
(B) Starting a Business: Types of Business Ownership
Additional Practice and Review:
Read 2-2 from the textbook
Complete the following chart: Types of Business Ownership
Additional Resources on business ownership: