Activity 2.2 Entrepreneurial Skills

Activity 2: Entrepreneurship
2.1 Unemployment - Unemployment occurs when a person who is actively searching for employment is unable to find work. It is defined as a situation where someone of working age is not able to get a job but would like to be in full-time employment. 2.2 Two entrepreneurial skills that should be taught from a young age according to the passage is problem solving skills-when taught problem solving skills from a young age ,there won’t be much difficulty when faced with a problem while opening up a business. Innovation and creativity is also a skill that should be taught from a young age-by being taught this

Entrepreneurs have no regular working hours which could be a problem should they have other responsibilities. Changing economies is also a problem, if the economy is going through a down fall people are cautious with their money and will buy less, slowing the business down. Determination helped my dad to succeed in his business and he never gave up in what wanted to achieve. He is also a hard worker and put in the time needed in order for a successful business .Social skills is a very important trade in which my dad has which benefited him as he gained many customers.

Activity 3: Fraud and Corruption

3.1.1 Bail- The temporary release of an accused person awaiting trial, sometimes on condition that a sum of money is lodged to guarantee their appearance in court.

3.1.2 The traffic cops may have been denied bail because they firstly did things that are against the law but what makes it even worse is that they are people of the law and they were involved in illegal activity .They also committed fraud by issuing learners and drivers licence out to people who have not gone through the correct procedure. They also may have been denied bail as they were not doing their jobs