FOUNDATIONS OF ENTREPRENEURSHIP AND FINANCIAL LITERACY
Understanding Savings
FOUNDATIONS OF ENTREPRENEURSHIP AND FINANCIAL LITERACY
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Introduction to Entrepreneurship Literacy
At the end of the lesson, pupils will be able to:
Define Entrepreneurship and explain who an entrepreneur is;
Mention the benefits and functions of an entrepreneur;
Mention and explain types of children entrepreneurs;
State the factors affecting early entrepreneurship;
Explain entrepreneurship intentions;
List and explain key qualities of an entrepreneur;
Explain the different functions of an entrepreneur such as;
• Employment Generation: By establishing ventures, entrepreneurs create job opportunities for themselves and others.
• Market Expansion: Entrepreneurs help expand markets by introducing new products or services or improving existing offerings.
• Problem-Solving: Finding solutions to challenges.
• Improvement of Standard of Living: By introducing innovative products and services, entrepreneurs can improve the standard of living of consumers.
Use an example of a small business (like craft making) to illustrate these functions.
