Lesson Details

Unit 3: Lesson 19 - Earning an Income

Students examine the concept of income. They identify factors that generate in come, including entrepreneurial traits and changing conditions in labor markets. In learning how income is generated, students plan and make choices to enhance their own income-generating capacity.

Concepts:

  • Capital
  • Entrepreneur
  • Entrepreneurship
  • Human Capital
  • Income
  • Labor
  • Profit
Standards:
  • Standard #4: Incentives
  • Standard #9: Competition and Market Structure
  • Standard #13: Income
  • Standard #14: Entrepreneurship

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