ECON x ENTREPRENEUR

Basic Economics

100

What is the study of how people use resources to meet their needs?

• Answer: What is Economics?

200

 What is the term for the increase in prices over time?

• Answer: What is Inflation?

Famous Entrepreneurs

100

Who founded Microsoft?

Who is Bill Gates?

200

Who is the CEO of Tesla?

Elon Musk 

Simple Supply & Demand

100

 If demand for a product increases but supply remains the same, what generally happens to the price?

 It increases.

200

What is it called when there is more supply of a product than demand?

What is Surplus?

Money Matters

100

What is the basic medium of exchange for goods and services?

What is Money?

200

 What term describes the money needed to start a new business?

What is Capital?

Start-Up Basics

100

What is a written plan that describes a business and its operations?

• Answer: What is a Business Plan?

200

What term describes the unique aspect that makes a new business different from others?

What is a Unique Selling Proposition (USP)?