7.4d - Political and Legal (Enterprise) Flashcards
1
Q
Entrepreneur definition
A
A person who takes the risk in starting a new business
2
Q
Enterprise definition
A
The skills and abilities to take risks and create profits
3
Q
What are the rewards for enterprise?
A
- Profits
- Capital gains
- Self-esteem
4
Q
Why is enterprise important to the UK economy?
A
- Job creation
- Stimulates investment and innovation
- Businesses pay taxes and encourage competition
5
Q
How do the government support enterprise?
A
- Allowing businesses to borrow money at low interest rates
- Tax incentives for investors in small businesses
- Great Business website launched to advise people on setting up and running a business
