Activity 1: Entrepreneurs and Enterprise

SECTION A
Write a short definition for each of the following key terms. (2 marks for each)
1. Define: entrepreneur
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2. Define: enterprise
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3. Define: capital
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4. Define: opportunity cost

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SECTION B
In this section, provide an outline or list points which answer the question:
1. List three (3) reasons someone may want to start his/her own business. (1 mark
each)

a.
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b.
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c.____________________________________________________________________
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2. Outline three (3) potential disadvantages for someone leaving paid employment
to start a business for the first time. (1 mark for each valid issue)
a.
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b.____________________________________________________________________
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c.____________________________________________________________________
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