2. Many different businesses make similar products because consumers want more than one option. Businesses must market, advertise, and try to sell their products. Competition Video

5. Employees working for wages are paid by the hour. The U.S. Congress sets the minimum wage to protect workers from low wages. Overtime is paid to workers for the time they work past 40 hours in one week. Salary is a fixed amount of money paid to an employee per years regardless of the number of hours worked. Salaries are not regulated by the government.

8. The more skills, knowledge, and training a person has, the more productive and valuable he or she will be as a worker. Being highly qualified improves a person’s career opportunities and earning potential.

9.  Concentrating on one specific skill, line of work, or area of study

10. The national unemployment rate rose steadily from 2000-2003 and dropped slightly in 2004. Louisiana unemployment rate rose steadily from 200-2003 and also dropped slightly in 2004. LA’s unemployment rate is higher than the nation’s.

12.  Allocation is making sure enough resources are available for the demand.  Resources are used as efficiently as possible.  Efficiency is performing effectively with the least waste of time, effort, or resources.

14.  Complete Career Inventory  Add score  Using charts on your desk find your ideal job and annual pay. Be sure it is a job from the category that matches your inventory results.  Write your annual pay and job title in a safe place. You will need this to make your personal budget.