Entrepreneur - A person who combines the factors of production to set up in business to earn profit., Factors of Production - These are the ‘ingredients’ used for production and include, land, labour, capital and enterprise., Tangible Goods - These can be seen and touched and include things like TV’s and clothes., Durable Goods - These can be seen and touched and last for a very long time., Services - These are provided by hairdressers, travel agents and nurses., Need - Essential goods required for survival., Want - These are goods and services that are not needed for survival., Capital - This refers to tools, machinery and equipment used by a business., Princes Trust - An organisation to help and advise people who wish to set up in business.,

S3 Business Start Up Keywords

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