This lesson illustrates the differences between inventions and innovations. It discusses what …
This lesson illustrates the differences between inventions and innovations. It discusses what entrepreneurs are and their role with inventions and innovations. Students will define entrepreneur, explain the difference between invention and innovation, and determine the skills necessary to be a successful entrepreneur.
Okay, so your tuna fish sandwich probably isn't worth a couple grand. …
Okay, so your tuna fish sandwich probably isn't worth a couple grand. It's most likely made with a type of tuna called albacore. But, on the docks in Tokyo different kind of tuna, related to the stuff in your sandwich, is sold for $70,000 dollars a fish. The Japanese praise the bluefin tuna, or maguro, as a delicacy. In this lesson students will explain that supply and demand are the factors that determine the market price of a good. Describe why some goods are more expensive than others. Graph supply and demand curves from data.
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