USA National Standards for Concept "Entrepreneurs"
National Standard Number: 1
Productive resources are limited. Therefore, people can not have all the goods and services they want; as a result, they must choose some things and give up others.
Online lessons on US Standard 1 from the National Council on Economic Education Website.
National Standard Number: 14
Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.
Online lessons on US Standard 14 from the National Council on Economic Education Website.
