Economic management sciences💵

• The main objective of the National Treasury is to manage public finances effectively.
• what is an asset?

  something a business owns that has value and can later on be changed into cash.
• who is an enterprenuer?


  Someone who starts and runs a business, taking on financial risks in the hope of profit.
• characteristics of an entrepreneur: innovative, risk taker, self-confident, decisive, organised, hard-working, creative
• factors of production: land, labour, capital and entrepreneur
• land( in ems)


  where raw materials come from, eg; mining, fishing and agriculture