Economics GCSE
Enterprise
What Enterprise means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Enterprise
The willingness to bear the risks of business and organise the other three factors of production.
Topics that use Enterprise
- The economic problem (Pearson Edexcel GCSE)
Related terms
Using Enterprise in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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