Enterprise

Real World Example

During the Industrial Revolution, the concept of enterprise referred to businesses and ventures aimed at making profits, which fueled economic growth and innovation. Entrepreneurs set up factories and developed new technologies, responding to the demand for goods and the need to improve production efficiency. This period saw significant changes in how goods were produced, moving from hand-made to machine-made, which transformed economies and societies. Today, enterprise still matters as it drives economic progress, innovation, and job creation; for example, a local bakery expanding its business by selling online showcases modern enterprise. This affects people by creating new job opportunities and access to a wider variety of products, enhancing both the local economy and individual lives.