Key Concept Review 2. Discuss the role of small business and entrepreneurship in the
economy. (1.1).
3. Describe economic systems. (1.1)
4. Explain how economics is about making choices. (1.1)
5. Discuss the role of economic indicators and business cycles. (1.1)
6. Describe what entrepreneurs contribute to the U. S. economy. (1.1)
7. Describe entrepreneurship from a historical perspective. (1.2)
8. Discuss the five components of the entrepreneurial start-up process.
(1.2)
9. Explain how to achieve business success. (1.2)