A full lesson looking at the purpose and nature of businesses.
- To understand what a business is and the reasons for starting a business.
- To understand the difference between goods and services, needs and wants and the four factors of production.
- To understand the definition of opportunity cost and what the primary, secondary and tertiary sectors are.
- To understand what an enterprise and entrepreneur is.
- To learn about the characteristics of an entrepreneur and the objectives of entrepreneurs.
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£1.50