The World of Work · Labor Markets

Entrepreneurship and Innovation

The role of entrepreneurs in identifying market gaps and driving economic growth.

Key Questions

  1. 1What incentives drive individuals to take the risk of starting a business?
  2. 2How does competition between businesses benefit the final consumer?
  3. 3What are the primary reasons for small business failure in the first year?

ACARA Content Descriptions

AC9HE8K02
Year: Year 8
Subject: Economics & Business
Unit: The World of Work
Period: Labor Markets

Suggested Methodologies

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