lesson
The Profit Motive as a Primary Business Incentive
Describe how the prospect of earning profits motivates entrepreneurs to start companies and take financial risks.
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Market Incentives and Economic Systems
4th Grade · Social-studies · US-WI-SS
7 lessons
Goal
Examine how profit, competition, and public policies drive business production and evaluate how to design effective incentive systems.
7 lessons
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- The Profit Motive as a Primary Business IncentiveYou are here
- 2How Consumer Demand Signals What to ProducePremiumUp next
- 3How Competition Incentivizes Product ImprovementNot started yet
- 4Tax Incentives and Subsidies Guiding Business LocationsNot started yet
- 5Perverse Incentives and Unintended Behavioral OutcomesNot started yet
- 6Analyzing School and Classroom Incentive SystemsNot started yet
- 7Designing Effective Civic and Economic IncentivesNot started yet
Learning standards covered
SS.Econ1Wisconsin Social Studies Standards · 4th GradeWisconsin students use economic reasoning to understand issues.
Econ1.bWisconsin Social Studies Standards · 4th GradeIncentives
SS.Econ1.b.hWisconsin Social Studies Standards · 4th GradeEvaluate how incentives determine what is produced and distributed in a competitive market system.