Mini Business World teaches students about economic and financial literacy

More than 70 students from Waukesha County school districts participated in the Alliance’s annual Mini Business World at Carroll University.

The one-day Mini Business World event teaches students about economic and financial literacy, while stressing the importance of free-market enterprise and entrepreneurship. Students are put into groups with others from different schools and tasked with creating their own companies from the ground up while competing against their peers in a shark-tank style competition.

The winning group came up with a business called Eco-Trash, which allows users to throw all waste into one bin that automatically separates trash and recyclables so users don’t have to.

Wisconsin Business World is a program of the Wisconsin Manufacturers & Commerce Foundation aimed at providing high school students with economic and financial literacy education, while teaching the importance of free-market enterprise. Students participate in hands-on exercises that easily relate to the everyday life of running a business and finish each program with a better understanding of the intricacies of business. The program also exposes students to the variety of different career opportunities available after high school or college.