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Entrepreneurship Examines Different Economic Systems

Submitted by shelley.heaton on Mon, 09/17/2018 - 12:48
Shelley Heaton. Amy Ewell

Mrs. Ewell's class has been examining the role of innovation and entrepreneurship activity to society and the economy. To illustrate the differences in operating under different economic systems her classes played Socialist and Communist versions of the traditional Monopoly game. Rule changes included things such as: All Free Parking money has to be divided equally among players, paying the government (bank) twice the rent on railroads and utility spaces, no private property ownership, and no income tax refunds.  Students quickly gained an appreciation for the American free enterprise system and how it helps promote and support entrepreneurial growth in the US.