Paper 1 · November 2019 · Enterprise Skills
A benefit of enterprising to the economy of Zimbabwe is that it
Acreates employment and widens the tax base of the country.
Bguides the Reserve Bank in setting the national interest rate.
Cremoves the need for the country to import any manufactured goods.
Dsets the wage rates that every employer in the country must pay.
Explanation
New enterprises take on workers, pay income tax and duty, and put money into circulation in the communities they trade in, which is why governments encourage start ups. Interest rates and national wage floors are set by the authorities, and no amount of enterprising ends importing altogether.
Derived from ZIMSEC Business Enterprise Skills Paper 1, Nov 2019, Q1