SCHROON LAKE - Mountainside Christian Academy students in Schroon Lake are learning about the economy.
In Conni Phillips' Government and Economics class at MCA, all students in grades 9 through 12 were assigned a fun and unusual business project as a hands-on way to learn about economy, corporations, businesses and the laws of supply and demand.
Groups of students were required to choose a product to sell, create an original title for their business, purchase the needed supplies ahead of time, advertise and market their product, record all work hours and money transactions, and pay taxes to the "government" - in the form of. Phillips.
A large amount of paperwork is involved in the marketing process, the young businesspeople learned. Students are beginning to experience this, as they are required to fill out a receipt for all monetary transactions, and hand them in, along with a completed time sheet, at the end of each week.
The main purpose of this project is for the students to gain a better understanding of how a business operates, how to work around other competitive businesses and, hopefully, make a profit.
Students came up with a variety of original market products including baked goods, advertisement and business management aid, noodles, and stress relief balls.
Although preparation began in January, companies were officially open for business Feb. 9. Limited free advertisement space was available in the gymnasium, which was quickly put to use by glib posters. One of the businesses, ESA, is selling advertisement space on a "billboard" (bulletin board) in a classroom.
Students can sell their product in or out of school. Many of the companies selling food items take advantage of snack break, lunchtime and concession stands to do business. Some popular favorites are maple and chocolate fudge, chocolate chip cookies, Shmooze Balls and CarlShin Noodles.