2. 1: Employ People
Provide people with :
• income for living expenses
• source of satisfaction and
achievement
• sense of identity and pride.
3. 2: Technological change and innovation
• Competition delivers
products which are better,
cheaper or more convenient
• Technology is the key to
– lower costs
– improved quality or
– the delivery of goods/services
more quickly
4. 3: Choice
• offered to consumers when
business sector is healthy and
diverse
• where you work, eat, shop
and what you buy
• allows people to specialise in
what they do and interests
pursued
5. 4: Entrepreneurship
• many aspire to run own
business
• offers a sense of
independence and control
• can achieve dramatic success
and build substantial wealth
6. 5: Social Role
• a place where people meet,
interact more than anywhere
else outside of family
• take people overseas or into
situations they otherwise
would not experience
7. 6: Basis of a nation’s economy
• A strong economy is built on
performance of business
• Business success effects entire
society
• Increases wealth and economic
activity
