Goals

Describe the changing status of U.S. employment

Discuss the role of business in the U.S. economy

Describe three major types of businesses

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The Main Idea

This lessons describes changes that have occurred in the U.S. employment and changes in the types and numbers of businesses.

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What do you know about current businesses and the economy?

Pre-Test – With one partner complete the pre-test.

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Partner Activity

Partner up! (groups of 3)

Aluminum Foil Activity– Create a product out of aluminum foil

– Create a sales pitch to share with the class that highlights your product

– Create a list of the six basic activities that business perform

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Roles of Businesses pg 104

What are the six basic activities that businesses perform?– Generating Ideas

– Raising capital

– Employing and training personnel

– Buying goods and services

– Maintaining business records (Accounting)

– Marketing goods and services (Marketing)

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Employment Data in the U.S.

US Employment Data

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Employment Data in the U.S.

What year kicked off the start of the baby boomers?

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Employment Data in the U.S.

In 2014 what percent of jobs are held by women?

Statistics

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What Percent of U.S. Workforce is made up of Contingent Workers?

Contingent workerHas no contract for long-term employment

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Business and the Economy

In 2014, businesses worldwide produced over $40 trillion of goods and services. How many zeros is that?

US responsible for $17 trillion

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Business and the Economy

How many employees do you think most businesses in the U.S. have? Put the following in order from largest to smallest.

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Size of Businesses

Types of Businesses

Producers

Intermediaries

Service business

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Types of Businesses

Producers- create the products and services used by individuals and other businesses

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Intermediaries

*The most common types of intermediaries are retailers and wholesalers.

IntermediariesBusinesses involved in selling the goods and services of producers to consumers and other businesses

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Coleman Tents (Producer)

Intermediary (Retailer)

Consumer

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Service businessEx:

Dentists, doctors, lawyers, painters, pet sitters

Fastest growing part of the economy.

More than 60% of all U.S. employment is in service-producing

Service businessCarries out activities that are consumed by its customers.

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Types of Businesses Activity

With a partner:

Using the internet, create three list of business in York County , by organizing them into types. Producers/Intermediary/Service

The team with the most correct businesses wins!

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