1. Describe a business that you what start if you were so inclined.What product or service would you sell?Describe in detail the factors of production that must be employed to run this business. Do you need land, labor, capital, natural resources or other inputs?If so list the specifics of each. What special skill set do you (the entrepreneur) need? How would you price your product or service? Is there a lot of competition in this market or will you be the sole provider (a monopolist)?

2. Give your "Positive" view of the business sector of the economy at this time (during COVID).Give your "Normative" view as to whether or not it is a good idea to start a business at this time (during COVID).Are there certain businesses that would thrive at this time?What products/services would perform well (sales) at this time?What products and services would perform poorly at this time?