No Free Lunch: Economics for a Fallen World: Third Edition, Revised

Chapter Nine: P31W: Enter the Entrepreneur! 201 DESIRED LEARNING OBJECTIVES At the conclusion of this chapter, the student should be able to... § § Describe how the market process works through “real” time § § Explain how many of the economic variables we are concerned about are determined as part of the market process § § Summarize the four functions of entrepreneurship § § Identify how entrepreneurs are able to expand a nation’s production possibilities frontier without sacrificing consumption § § Explain the essential attributes of entrepreneurship