ECON 1BB3 Chapter 1: Chapter 1 Macroeconomics

• School: McMaster University
• Department: Economics
• Course: ECON 1BB3
• Professor: Bridget O' Shaughnessy

Document Summary

Increasing ability to think critically: communicate ideas to others, preparing yourself to live in a diverse and competitive world. Social media intern: android developer, data scientist, ui/ux designer, big data architect, beachbody coach, cloud services specialist, digital marketing specialist. Matching risk with profit risk is the chance an entrepreneur takes of losing time and money on a business that may not prove profitable companies that take the most risk may make the most profit. Stakeholders include many different groups such as customers, employees, financial institutions, investors, environmentalists and government: they may also have a direct and indirect impact upon a business or organization. It will be challenging for organizations to balance the needs of all stakeholders. Interest in outsourcing arises because it may foretell changes in industrial structure. Social entrepreneurs are people who use business principles to start and manage non-profit organizations and help address social issues.