Lesson 5
What Are You Worth?

In this lesson, students will perform a self-assessment, compiling a list of their human capital skills, determining jobs for which they may be qualified. Using an income statement as a tool, students describe all the costs the entrepreneur must consider in operating a business, including the costs the entrepreneur must pay for resources and the opportunity costs borne by the entrepreneur when establishing and operating a business.


  • Accounting Profit
  • Capital
  • Cost
  • Economic Loss
  • Economic Profit
  • Economics
  • Explicit Cost
  • Human Capital
  • Implicit Cost
  • Income
  • Income Statement
  • Profit
  • Return

Standards in Economics and Personal Finance

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