Course code. Entrepreneur

NOTE: (minimum of 30 words each question): 1. What role do needs and wants play in determining what is produced in an economy? 2. Why is it important for all the functions of business to work together? 3. Have you ever wanted to buy something, but you couldn't find it? What role do you think supply and demand might have played? 4. Name three (3) fixed costs in your life, how do you plan to pay them? Name three (3) variable costs that you have. How can variable costs be like an opportunity costs