Economics GCSE
Incentives and risk
What Incentives and risk means in Economics GCSE, as defined for AQA.
Definition of Incentives and risk
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Reference: AQA
Profit provides an incentive to produce and rewards entrepreneurs for taking risks when starting or expanding businesses.
Topics that use Incentives and risk
Related terms
- Average cost
- Average revenue
- Cost minimisation
- Ethical and moral interests
- Financial performance
- Fixed costs
- Market share
- Profit
Using Incentives and risk in the exam
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