Economics Feb 4

Monday-02/5/13-Econ




Download 3 Types of Businesses



SSEMI4



The student will explain the organization and role of business, and analyze the four types of market structures in the U.S. economy.



SSEMI4.a



Compare and contrast three forms of business organization--sole proprietorship, partnership, and corporation.



SSEMI4.b



Explain the role of profit as an incentive for entrepreneurs.







Appetizer (Activator): Name 3 businesses you and your family patronize (where you spend money)-Try to categorize them as a sole proprietorship, partnership (think about your doctor or dentist for this one), or corporation. Try to name one of each in your notebook.







Main Course:



Table of Contents: #8-What are the 3 types of business organizations?



Fill in charts from pages 185-200 in yellow textbook







Types of Business Organizations

























Sole Proprietorship









Partnership









Corporation



Definitions



(In your own words)









































Features



(characteristics)

















































Advantages













































Disadvantages





















































Draw illustrations for each type of business organization! Use back of paper! J





We will discuss together