Starting a Business
Discover how market research and a business plan can help you own and operate a business in your community. See how factors like scarcity, demand, advertising, the availability of resources, competition and location directly affect the price and sale of goods and services, and a business's ability to make a profit. See the connection between business owners and customers, and observe how decisions and events that affect one business can cause changes in dozens of other businesses in the economy.
Production Year: 2005
Duration: 25 min
Series: Economics for Children
Printable Resources: Yes
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