Enterprise innovation and markets

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Enterprise innovation and markets

1. In what ways are not-for-profit organisations a substantial part of the economy? What unique challenges do not-for-profits face?

2. Identify and describe the four basic inputs that make up factors of production. Give an example of each factor of production that a motor vehicle manufacturer might use.

3. What is a private enterprise system? What four rights are critical to the operation of capitalism? Why would capitalism function poorly in a society that does not ensure these rights for its citizens?

4. In what ways is entrepreneurship vital to the private enterprise system?

5. What are the two theories explaining the formation of entrepreneurial opportunities?

Reference no: EM133176521

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