Why is Economic Roles of Business Organizations important? Explain.
Home
/
Why is Economic Roles of Business Organizations important? Explain.
Why is Economic Roles of Business Organizations important? Explain.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Explanation:
- Every market economy, business play an important role. Business is an engine of economic development. Business provide a greater variety, quality and quantity of goods and services, business, commerce, and markets create numerous benefits for consumers, and as a result consumers experience an increased standard of living.
Answer: Small and large businesses drive economic stability and growth by providing valuable services, products and tax dollars that directly contribute to the health of the community. They also provide jobs, strengthening the economic health of each community where a business is based.
Credits to: Gugle