Private property vs public property.
Discuss
GDP: Gross Domestic Product, the total $ made in a country
PPP: Purchasing Power parity. The amount of money something costs adjusted for GDP and exchange rates.
Big Mac PPP worldwide. LINK
Where are Big Macs relatively cheap? Expensive? Why?
Assignment
Today you are going to be looking at the Dragon's Den website. Go to the following link and read
"Why you need a business plan" and then answer the questions
1. What is a SWOT?
2. What are some the the things that a business plan should include?
3. Why is a business plan necessary?
Have your business ideas ready for next week. We will be 'Pitching' them soon.
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