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The subject Business Studies deals with the knowledge, skills, attitudes and values critical for informed, productive,
ethical and responsible participation in the formal and informal economic sectors. The subject encompasses business
principles, theory and practice that underpin the development of entrepreneurial initiatives, sustainable enterprises
and economic growth.
This lesson will bring to light that the micro, market and macro environments are interrelated and cannot function independently. We discuss the inter-relatedness of the business as well as the inter-relatedness between the micro, and market environments.