Handle money like Grown-ups. Financial education for Kids from the Mobiles

– Things are quite simple on Earth. Those who work for others are called employees, and those who work for themselves are entrepreneurs, – Bobby continued.

– From the word “enterprise”? – Stanislav asked.

– Correct, – Larry replied. – Entrepreneurs deal with manufacturing and selling things or providing different services. When you attend personal dance classes or the swimming pool, know that it had all been organized by entrepreneurs who receive tuition fees from your parents.

Now let’s get back to employees. Employees are people who sign labor contracts and work for others, for example, companies or entrepreneurs. When applying for a job, they take a special paper with them – a resumé. It is written down there where the employee had been studying and working and what he or she is good at.

– You can have some help in finding a good job with recruitment agencies, such as “HeadHunter”, – Bobby continued.

– Headhunters? “Bounty hunters”, you mean? – Daniel asked again because he knew English quite well.

– Right. They were called this way because they seek the qualified employees for the companies and entrepreneurs, “the best minds”, so to say.

– Father had told me and Stanislav that the employees’ salary depends on what they do, how well they can do it and how difficult it is to replace them, – Daniel said.

– There are many people able to sweep the streets, but those who can design spaceships are really hard to find. Their job is difficult and demanding with lots of responsibility. It’s not easy to replace them with other employees quickly, so their labor is paid in a much better way, – Stanislav explained.

– It’s all correct, – Larry confirmed. – And now let’s talk about production. Production is a process of creation of different essentials.

Production includes three factors. First one – the human factor – is labor. We already know that people with proper knowledge and labor skills are required to start production. Second factor – the means of labor – tools, machines and different equipment. And factor number three – the subject of labor. It is a thing or a combination of things a person can adapt for his own needs. For example, it could be a wooden workpiece processed with the help of a milling machine.