An Entrepreneur is employed by an employer to work in the business.
Employers hire staff to help run the
business.
An employee is a person who works
for an employer in return for a wage. A Consumer is a person who purchases goods (and not services) at a given agreed price as set out in the market. Investors or investment can only come in the form of loans from banks. Interest groups represent views, interests or goals of the various stakeholders.
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AFTER READING Agree Disagr ee
Trade Unions are interest groups
representing workers e.g. SIPTU, ASTI
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Suppliers produce the raw
material into a semi-finished or finished product. A customer buys goods and services for their own use.