HELE 4 Lesson 1&2 Entrepreneurship

Is the creation of products and services by developing and using resources to meet people’s needs.

• Management

• Needs

• Entrepreneurship

• Wants

Is the individual who is highly enterprising and

can see and evaluate business opportunities.

• Engineer

• Lawyer

• Entrepreneur

• Banker

Also known as factors of production.

• Business resources

• Natural resources

• Entrepreneur

• Business

Qualities of an Entrepreneur (Multiple Answers)

• Open-Minded

• Opportunity seeker

• Lazy

• Optimistic

Qualities of an Entrepreneur (Multiple Answers)

• Persistent

• Greedy

• Proactive

• Professional

Wildlife

• Natural Resources

• Non-human Resources

• Human Resources

Soil

• Natural Resources

• Non-human Resources

• Human Resources

Time

• Natural Resources

• Non-human Resources

• Human Resources

Property

• Natural Resources

• Non-human Resources

• Human Resources

Knowledge

• Natural Resources

• Non-human Resources

• Human Resources