| A | B |
|---|
| container ships | these ships have facilitated an increase in globaliaition |
| entrepreneur | name of person who comes up with idea and prepared to take risk of making product or service in business |
| makes own decisions and takes all profits | advantages of being an entrepreneur |
| hard work and no income if off sick | disadvantages of being an entrepreneur |
| factors of production | collective name of resources required to make a product or provide a service |
| labour | factor of production that involves human skill, effort and ideas |
| land | factor of production such as sea, forestry or farms |
| capital | factor of production that involves machines required to make product or service |
| oven, fridge or coffee machie | an example of capital equipment required to run a restaurant |
| chef, waitress or cleaner | an example of labour required to run a restaurant |
| skill | a term that describes an ability that has been developed through training or experience. |
| skills associated with entrepreneurship | problem solving, leadership and motivation are all what ? |
| quality | a term to describe the nature or personality of an individual. |
| qualities associated with being an entrepreneur | enthusiasm, risk-taking and confidence are all ? |
| business | is an individual or organisation that makes goods or provides services for a price |
| globalisation | the process of increased connection between countries. It is demonstrated through economics, politics and culture |
| internet | communication factor that has promoted globalisation |
| low income countries | category of countries who provide a source of low income production in globalisation process |
| innovation | the introduction of new ideas that result in the improvement of existing goods and services |
| invention | the discovery of something that has never been made before |
| China | which country invented gunpowder |
| Guglielmo Marconi | who invented the radio |
| Heinrich Hertz | who first discovered radio waves |
