Here is a short (4:30) video that gives a pretty good overview of what these forms of industry are. 

As you watch, jot down a couple of characteristics of these forms of industry as well as an example of each that you are familiar with. 

 

 

 

Proprietorships, Partnerships, Corporations.

As you watch this video, take notes on the advantages and disadvantages of each form of business.You will see several advantages and disadvantages for each form of business.

 

 

Here's a couple of old Milton Friedman Video filmed at Cornell University as a part of his "Free to Choose" book and video series campaign and lecture.  What is the emotional part of the arguements lauched against Friedman?  How does he answer them, or redirect them, through a logical economic lens?

 

Could competition help?  What is the "slant" of the video?  Is it balanced? Does it matter if it's not? 

 

 

 

As you watch this video, ask yourself these questions: Are Friedman's arguments sound?  Are there factors he may not be considering in his discussion?  What are some positive aspects to free trade?  What are some negative aspects of free trade?  During the debate at the end, who do you think has a stronger arguement?  Write examples of why you believe this.