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Southwest Asia The Middle East

Southwest Asia The Middle East. FSMS 7 th Grade Social Studies; Unit 3 Production, Distribution & Consumption (Factors Affecting Economic Growth) October 23 rd – 26 th ; Day 38-39 Georgia Standard SS7E7a.b. FIRST FIVE.

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Southwest Asia The Middle East

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  1. Southwest Asia The Middle East FSMS 7th Grade Social Studies; Unit 3 Production, Distribution & Consumption (Factors Affecting Economic Growth) October 23rd – 26th; Day 38-39 Georgia Standard SS7E7a.b

  2. FIRST FIVE Agenda Message: CDA II is scheduled for Friday, November 1, 2013. SWA Government & Economy Quiz Wednesday. Before School Tutoring Tuesday at 7:30a. Standard: Describe the factors that influence economic growth and examine their presence or absence in Israel, Saudi Arabia, and Iran. E.Q. Monday, 10/21/13: What is the definition for Entrepreneur? Why are Entrepreneurs important in a growing economy? Warm Up: What are the three basic economic questions? Today We Will: • Cover Factor that Influence Economic Growth - Entrepreneurs • Finish Factors that influence Economic Growth for Worksheet on Israel, Saudi Arabia, & Iran

  3. ANSWERS E.Q. Answer for Monday, 10/21/13: Entrepreneursare creative, original thinkers who are willing to take risks to create new businesses and products. Entrepreneurs think of new ways to combine productive resources (natural resources, human capital, and capital) to produce goods and services that they expect to sell for a profit. Warm-Up Answer: • What goods and services to produce • How to produce those goods and services • Who will use or consume the goods and services that are produced.

  4. The Middle EastProduction, Distribution & Consumption Entrepreneurs Entrepreneursare creative, original thinkers who are willing to take risks to create new businesses and products. Entrepreneurs think of new ways to combine productive resources (natural resources, human capital, and capital) to produce goods and services that they expect to sell for a profit.

  5. The Middle EastProduction, Distribution & Consumption Entrepreneurs cont. Israel Israel has created a positive environment for entrepreneurs. Government policies, including the country’s tax structure, encourage entrepreneurship and small businesses. Israel also has a program to train immigrants, Arab-Israelis, and people over 55 to start their own businesses.

  6. The Middle East Production, Distribution & Consumption Entrepreneurs cont. Saudi Arabia Saudi Arabia knows it needs to diversify its economy and is taking steps to help entrepreneurship. For example, it has cut the time it takes for an entrepreneur to make it through government requirements to start a business.

  7. The Middle East Production, Distribution & Consumption Entrepreneurs cont. Saudi Arabia cont. International investors are starting an Entrepreneur Institute in Saudi Arabia that supports new business owners and gives them a place to start a business. Finally, government reforms in Saudi Arabia are making it somewhat easier for small business to get off the ground.

  8. The Middle East Production, Distribution & Consumption Entrepreneurs cont. Iran The number of entrepreneurs in Iran is small, but it’s growing. An Iranian entrepreneur has to overcome many hurdles like; • Getting credit from a bank. • Many private investors who are wiling to lend money charge a very high rate interest • It is also difficult for an entrepreneur to hire good managers for a business because little training is available.

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