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business intro-general
- business ideas
  - spotting a gap in the market, improving an existing product, listening to people, mixing 2 ideas together, develop a hobby/ skill, solve a problem, invent a new product, improve on what others do badly
- factors of production
  - These are the resources people need to start up a business
  - Land- all the natural resources e.g The ground, animals, water, sun (solar power), oil. RETURN-RENT
  - Labour- the physical and mental effort of employees RETURN-WAGES
  - Captital- manmade durable items purchased to help run the business e.g machinery, computers vans RETURN-INTEREST
  - Enterprise- the idea to start the business- normally developed by an entrepreneur who brings the other 3 factors together RETURN-PROFITS
- why do we need entre preneurs?
  - To provide us with new products, to create jobs, to help with existing businesses, help society through profits going to charity, to increase the countries wealth, to invent things to make life easier, to fix existing problems
spotting a gap in the market, improving an existing product, listening to people, mixing 2 ideas together, develop a hobby/ skill, solve a problem, invent a new product, improve on what others do badly

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