Desired Learning Objectives
At the conclusion of this chapter, the student should be able to...
- Describe how the market process works through “real” time
- Explain how many of the economic variables we are concerned about are determined as part of the market process
- Summarize the four functions of entrepreneurship
- Identify how entrepreneurs are able to expand a nation’s production possibilities frontier without sacrificing consumption
- Explain the essential attributes of entrepreneurship
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