ST 1 : Entrepreneurship.

What is enterprise ? :

• A factor of production combining land, labour and capital.

• Someone with a new business idea / invention and is willing to take the risks needed to succeed.

• A Public Limited Company. (PLC)

Answer explanation

The factors of production are :

• Land

• Labour

• Capital

• Entrepreneurship

  With Entrepreneurship being a

  combination of the other 3.

What Intices an individual to start up a business?

• the desire to be their own boss

• boredom

• to earn more money

• have been laid off their old job / left their old job for any reason

• running a business is hard but worth it

What are the three roles of the entrepreneur?

The Six (6) Qualities Of A Successful Entrepreneur

Answer explanation

Mark Zuckerburg is a world-renowned entrepreneur, with the invention of Facebook.

Other characteristics of successful entrepreneurs :

• Being organised

• Poor financial skills

• Poor time management

• Good networking skills

• Leadership skills

What is SDG 8?

• Iindustry, innovation and infrastructure

• Decent work and economic growth

• Sustainable cities and communities

• Responsible consumption and production

• Climate Action

Answer explanation

SDG9= Industry, Innovation & Infrastructure

SDG 11 = Sustainable Cities & Comm.

SDG 12 = Responsible Consumption & Production

SDG 13 = Climate Action.

What does SDG 8 work towards?