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    Is this an acceptable answer for defining the term Enterprise? jamielovesmusic123

    Enterprise is people coming up with new ideas and putting those ideas into action or a business reality?


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      Roberto Mane

      Enterprise is the factor of production which combines the other factors of production(Land,Labour and Capital) to produce goods/services,bearing the risks involved.The reward for Enterprise is,hopefully,a profit.

      Hope this helps.

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      Enterprise is the human activity which provides the initiative and carries the risk both financial and personal when setting up a business. It is spotting a niche in the market and combining the factors of production (Land, Labour, Capital) to fill that gap in the market for a reward of profit.

      e.g Mark Zuckerberg showed enterprise when he set up Facebook, a social networking site.

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      Thanks All :)

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