A company enjoys a monopoly. What happens to its profits when another firm introduces a similar product? Learners consider the case using questions from College Board. Other prompts include the effects of sales taxes and supply and...

Middle schoolers discuss the role of profits in an economy. As a class, they explain why profits are an incentive and practice calculating profit and loss. They discover what a firm in capitalism must do to earn profits and explain the...

Students explore the concept of running a business. In this running a business lesson, students put their plan of action into practice. Students market a product and try to maximize profit.