Unit One Economics Project

1. Economics Unit
One Project
Katie Horan

2. Gigi’s Cupcakes
1. Goods Produced: Various
flavors of cupcakes and ice
cream.
2. Land: Needed a lot to build
store on. Labor: Hires human
capital to work and manage
store. Capital: Start up costs
include purchasing franchise,
hiring people, buying machines
and materials to make
cupcakes, furniture)
Entrepreneurship: One person
decided to buy this franchise.
3. Opportunity Cost: Maintaining
a diet they were currently on.
4. Trade Off: Possibly does not
have children because of the
business.

3. American Threads
Clothing)Store
1. Goods Provided: Clothing and
accessories for young adults.
2. Land: Needed a lot to build
store on. Labor: Hires people
to work and manage store and
work with customers. Capital:
Start up costs include
purchasing lot, hiring people,
ordering clothes, accessories,
inventory, etc.)
Entrepreneurship: One person
decided to start their very own
store.
3. Opportunity Cost: Saving
money for college. (Due to
splurging on clothes)
4. Trade Off: Possibly owner went
to a Fashion School instead of
a big university.

4. Solara Sol Nails
1. Service Provided: Nail care
2. Land: Needed a lot to build
store on. Labor: Hires nail
technicians to paint and work
with nails. Capital: Start up
costs include purchasing lot,
hiring people, ordering nail
supplies, chairs, tables.)
Entrepreneurship: One person
decided to start this nail
salon.
3. Opportunity Cost: Saving the
money of doing nails at home
for free.
4. Trade Off: The owner possibly
decided to start this business
instead of going to college or
being a stay at home parent.

5. Rustic Couch Cafe
1. Goods Provided: Tea, Snacks,
Sandwiches, Coffee, Desserts
2. Land: Needed a lot to build store
on. Labor: Hires people to work
and manage store, cook food and
prepare tea. Capital: Start up
costs include purchasing lot,
hiring people, ordering teas,
coffees, furniture, décor, food.)
Entrepreneurship: One person
decided to start their very own
tea shop.
3. Opportunity Cost: Study time at
home instead of going out to a
café with friends.
4. Trade Off: Possibly owner had to
move closer to the store to have
a better commute.

6. Bare Waxing Studio
1. Service Provided: Waxing,
threading
2. Land: Needed a lot to build store
on. Labor: Hires technicians to
provide a service to costumers.
Capital: Start up costs include
purchasing lot, hiring people,
ordering wax, materials, furniture,
décor, inventory, etc.)
Entrepreneurship: One person
decided to start their own waxing
bar.
3. Opportunity Cost: Plucking
eyebrows for free instead of
spending money to get them
done.
4. Trade Off: Possibly owner went to
a Beauty School instead of a big
university.