Title: Identify the influence of small business/entrepreneurship on market economies.
Course: Entrepreneurship, Advanced (12053-II) > Section: Understanding Small-Business Management Concepts

Identification should include

- providing jobs
- offering a variety of goods and services to consumers
- creating and attracting competition
- stimulating demand
- providing tax revenue to government
- providing income for the community.

Process/Skill Questions:

- How are entrepreneurs the driving force of economic growth in the community?
- How does creating a business attract competition?
- How can competition benefit small business owners?
- Why are small businesses important to an economy?
- How do entrepreneurs provide revenue to the government?
- How does offering a variety of goods and services affect the market economy?
- Why do small businesses have the ability to garner profits from market opportunities that have been ignored by larger corporations?
- What are the benefits of having small businesses in a community?