Enterprise

• What does enterprise focus on?

  Entrepreneurship
• How can government policy promote risk taking and entrepreneurship?

  • Promotion in school curriculum
  • Support small businesses (e.g. offer grants)
  • Introduce laws such as limited liability
• What are the benefits of successful government policy on enterprise?

  • Higher profits means higher tax revenue
  • More job opportunities as business expand also means more tax
  • Higher competition increases efficiency which can lower prices or increase quality which benefits customers
• How can customers benefit from successful government policy in enterprise?

  Businesses have higher competition which most likely increases efficiency meaning businesses will have to lower prices or increase quality
• How can the government benefit from successful government policy in enterprise?

  Higher profits means higher tax revenue and more job opportunities means more tax