Format&Instructions for Assignment#1/Standard EF1
- Scarcity influence the choices I make about spending money by having me think twice about buying expensive things when I go shopping due to saving money. Like one time I had chose to go shopping at the mall than to go to six flags. That decision made me feel kind of vis versa because the both of them were going to be fun, but I love to go shopping so I felt goood about my decision.
- Business owners influenced land by making money out of it,like building factories, businesses, and places that make money. They influenced enterpreneurship because enterpreneurs own their own buisinesses and that fall right in line with a business owner. Also business owners influence labor because with a company you need good workers to keep the business moving.
- I can see myself more as an individual that makes decisions about the use of labor because I like to bring new ideas to the table and take charge when it comes to making important decisions.
- I'm pretty comfortable with this standard, I do think i need a little more help with it just to master it. What do you specificlly mean by capital and labor?
Tiera,
ReplyDeleteEntrepreneurs influence the factors of production because they use their talents and knowledge to start a business and take the necessary risk of putting up their money to finance their businesses in hopes of making a profit; they hire workers (labor) to help run their business; they invest in capital goods that will be used to produce their goods/services; and they invest in a building (land) that will be used to house their business. You will want to add to your reflection after you take the formative assessment on Friday because part of this assignment has to do with how you feel you did on the assessment. Great looking blog!
Tiera,
ReplyDeleteYou need to post Assignment 2 by midnight Saturday. Email me if you have questions.
Thank you.
Ms. McCray