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A rookie entrepreneur asks his daughter and her friends (graduate students in economics) to advise him on his venture. He asks them to explain the factors of production and the relationship between consumers and producers, and then to outline his options for deciding how to set up production and for whom to produce. Topics include factor and product markets, factors of production, scarcity, tradeoffs, and opportunity cost.
This title is part of the series: PROJECT BASED ECONOMICS
Buck Institute for Education/Interact
Video Interviews of Consumers of Shoes
Video Interviews of Those Associated with the Production of Shoes