Idaho Social Studies 4.SS.3.7
The Standard
Define entrepreneurship and identify reasons for starting a business.
Idaho Content Standards: K-12 Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students explain that an entrepreneur is someone who starts a business. They name reasons to start one, such as earning money, solving a problem, or selling something people want.
What Mastery Looks Like
- Given a short story, students identify who started the business, not just who works there. They explain a reason that person might have started it.
Common Misconceptions
- Some students call every store worker an entrepreneur. Others think people start businesses only to get rich, or that having an idea is the same as opening a business.
How to Assess It
- Ask: “Maya opens a bicycle repair stand because neighbors have broken bikes. Is Maya an entrepreneur? Name two reasons people start businesses, including Maya’s reason.”
Lesson moves
Ways to Teach It
Give pairs paper and markers to make bookmarks for a pretend stand, then write why they would open it.
Ask: “Why might someone open a grocery store in a town without one?” Have students write two reasons and compare answers.
Hand out cards showing business owners, employees, and people with business ideas; have students sort who has started a business.
Show a local bakery menu and ask what customer need might have led someone to open that bakery.
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Printable 4.SS.3.7 Worksheet
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Related Standards
- 5.SS.3.5
Identify economic incentives and risks of entrepreneurship.
- 9-12.EC.12
Describe the elements of entrepreneurship and successful businesses including comparative advantage, specialization, and trade.
- 3.SS.3.4
Identify different examples of making an economic choice, including consumption of goods and services, using a bank, investing, and budgeting.
- 9-12.EC.1
Apply and explain the concepts of supply and demand, scarcity, opportunity costs, and incentives, as well as their implications for decision-making.
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