LESSON 7

What is an entrepreneurial innovation?

Activity 24:
Invention, innovation, and entrepreneurship

1. Answer the following questions:
   1. What is the difference between an inventor and an entrepreneur?
       

       

       

       
   2. Can an inventor and an entrepreneur be the same person? Explain your answer.
       

       

       

       
   3. Are the same skills needed for the two roles?
       

       

       

       
2. In the space provided, list two examples of an entrepreneurial opportunity and provide at least one entrepreneurial idea for each.
   1. Entrepreneurial opportunity
       

       

       

       
      Entrepreneurial idea(s)
       

       

       

       
   2. Entrepreneurial opportunity
       

       

       

       
      Entrepreneurial idea(s)
       

       

       

       

Used with permission. Master Curriculum Guide: Economics and Entrepreneurship, copyright © 1991,National Council on Economic Education, New York, NY. All rights reserved.For more information visit www.ncee.net or call 1-800-338-1192.