Chapter 1- ENTERPRISE

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  • Created by: aarono75
  • Created on: 19-03-15 09:28
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  • Chapter 1- ENTERPRISE
    • Entrepreneur
      • Someone who starts and runs a business and has responsibility for risks involved.
      • Must be able to manage the four factors of production effectively.
        • They are: Land, Labour, Capital and Enterprise.
      • Importance of entrepreneur to UK economy.
        • Small businesses are the origin for future large, successful businesses.
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