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  • Approved for CNN

    • Click to view BarbRad's profile
    Posted March 10, 2010 by
    BarbRad |
    Location
    Bentonville, Arkansas
    Assignment
    Assignment
    This iReport is part of an assignment:
    iReport for CNN

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    No Jobs? Make Your Own!

    By BarbRad  |  Posted March 10, 2010  |  Bentonville, Arkansas
     

    CNN PRODUCER NOTE     BarbRad told me, 'Many more Elmsprings students are participating in the program this year than last, and their products are more varied and imaginative.' She iReported on it last year.
    - hhanks, CNN iReport producer

    S.I.F.E. (Students in Free Enterprise) at Northwest Arkansas Community College decided several years ago that children needed to be taught about capitalism.  Then, the economy tanked...

     

    For the last two years, NWACC SIFE has been teaching elementary school kids how to start their own businesses.  They decide in small groups what types of products are in demand.  Then, they borrow the money to buy materials, manufacture their products, sell their products, pay back their loans, and apply their profits toward next year's selling frenzy at the college.

     

    Today, the NWACC Student Center was alive with youngsters enthusiastically hawking their wares.  Last year, most student groups sold all their materials.  This year, most groups appeared to have product left over.  Is that a sign of the economic times?

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