An entrepreneur is a person who initiates an enterprise, taking on the personal risk in pursuit of the rewards of establishing a sustainable, profitable business. […]
What is enterprise? – AQA GCSE
Enterprise (in business) is the process by which an entrepreneur capitalises on a business opportunity: from startup, to growth and eventually establishing a sustainable business. […]
What is the Tertiary Sector? – AQA GCSE
The tertiary sector comprises businesses that provide services to the economy, especially for households. Products from the secondary sector feed into the tertiary sector, enabling it to function. […]
What is the Secondary Sector? – AQA GCSE
The secondary sector comprises businesses that receive raw materials from the primary sector and convert them into value-added products, otherwise known as manufacturing. […]
What is the Primary Sector? – AQA GCSE
The primary sector comprises businesses that extract raw materials from the earth. This is typically via mining or harvesting. […]
Opportunity Cost – AQA GCSE
Opportunity cost is the figurative cost incurred when money is invested in a specific opportunity versus other available alternatives. […]