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There are two main aspects to an Enterprise. One of them being Risks, the other Resources.
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An Example of Enterprise There are two main aspects to an Enterprise. One of them being Risks, the other Resources. Mustafa comes from a Less Economically Developed Country. Mustafa's business is weighing passers-by on an old set of bathroom scales. In an enterprise the threat of risk can be disastrous. Risk arises from Choice. And choice also results in Opportunity Cost. Every time we make a choice we give up the opportunity to follow a different path. For example, I could either go to Scunthorpe or Skegness for my summer holidays. If I go to Scunthorpe I give up the opportunity to go to Skegness. The opportunity cost is the next best option we would have chosen instead. In this case Mustafa chooses to set up his business taking time out of his school education to try to earn some money. One advantage Mustafa has is not only he...
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