Select one aspect or section of the video that caught your attention and summarize the ideas presented by the students and the teacher. why did this section catch your interest? what information would you like to convey to that student or the teacher about that aspect of the discussion?

Ron and nick chose to start their own businesses. ron wanted to start an ice cream shop, and nick wanted to launch a television manufacturing company. ron and nick had equal amounts of funds on hand and no government regulations restricting them. months later, however, ron has already set up his business, while nick is still struggling to raise additional funds to build a factory. what was the main factor that affected nick’s business? a. an irrelevant business idea b. low demand for tvs in his country c. high start-up costs d. lack of labor economics