an entrepreneur starts a small firm with one machine and a small factory space and employs one person initially. with the aid of appropriate diagrams or tables and theory explain the process of production, the variable and the fixed factors used by this entrepreneur

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answerinnovative culture;