Lesson 78 of 84 · Economics
⭐ 30 XP⚓ Market PortEntrepreneurship: Starting Your Own Business
Entrepreneurship is the process of starting and running a business to make a profit.
🎯 Your mission
Follow the money. Then follow the choices.
⚡ The twist
Trade isn't just stuff — it's ideas, words, and germs.
Mind = Blown
🤯 The first ATM was installed in 1967 — and used radioactive ink.
Then & Now
💱 This is happening in your local store every single day.
Entrepreneurship is the process of starting and running a business to make a profit. Entrepreneurs are individuals who take risks to bring their innovative ideas to life. They often begin by conducting market research to understand what consumers need and how they can provide it better than existing businesses. Successful entrepreneurs must be creative, resilient, and willing to adapt to challenges in order to grow their business and make a positive impact in their community.
Key Facts
Entrepreneurs take risks to start and run businesses.
Market research helps entrepreneurs understand consumer needs.
Creativity and adaptability are key traits of successful entrepreneurs.
Check Your Understanding
Question 1
1 of 2What do entrepreneurs do to understand consumer needs?
Why this still matters
The next time you spend $1, ask: who else benefited besides you?
Stretch Challenge
Try this in real life this week.
Find two products that look similar but cost very different. Why?
For the dinner table
“If you had $20 to start a business, what would you sell?”
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