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 5.1

The Main Idea This lessons describes changes that have occurred in the U.S. employment and changes in the types and numbers of businesses. 5.1

What do you know about current businesses and the economy? Pre-Test – With one partner complete the pre- test. 5.1

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 5.1

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) 5.1

Employment Data in the U.S. US Employment Data 5.1

Employment Data in the U.S. What year kicked off the start of the baby boomers? 5.1

Employment Data in the U.S. In 2014 what percent of jobs are held by women? Statistics 5.1

What Percent of U.S. Workforce is made up of Contingent Workers? Contingent worker Has no contract for long- term employment 5.1

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 5.1

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. 5.1

Size of Businesses

Types of Businesses Producers Intermediaries Service business 5.1

Types of Businesses Producers- create the products and services used by individuals and other businesses 5.1

Intermediaries *The most common types of intermediaries are retailers and wholesalers. Intermediaries Businesses involved in selling the goods and services of producers to consumers and other businesses 5.1

Coleman Tents (Producer) Intermediary (Retailer) Consumer 5.1

Service business Ex: 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 business Carries out activities that are consumed by its customers. 5.1

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! 5.1