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Theme 1: Enterprise, Business and the Economy
infoWhy this? Enterprise shows how entrepreneurs organise scarce resources, take risks, and create goods, services, and employment. Studying the factors of production and specialisation helps us evaluate how production is organised, while wider economic conditions explain the constraints and opportunities facing businesses.
scheduleWhy now? Building on scarcity and choice, we move to how entrepreneurs and businesses put resources to use in practice. This early grounding in production and the economic environment supports later analysis of markets, business finance, and the effects of economic fluctuations.