How business helps in the economy of the country?
Businesses are the mode by which we get most of the goods and services that we as consumers want and need. I am writing this article on a computer that is produced by a business. You are buying internet access from a business.
Almost everything you use in everyday life is produced by a business and sold by yet another business. Without these businesses, it would be very hard for us to get the things for our daily needs and requirements. Imagine how hard it would be for a person to build and sell their own computers from scratch. This a major reason why businesses are important for country’s economy.
Businesses are also means by which the people get their jobs. Businesses create job opportunities because they need people to produce and sell goods and it can’t be done by a single person. Without a business, each individual would have to create his or her own way of living.This would be very difficult.
Businesses are a vehicle of exchange of goods and services. Especially in complex modern societies, we cannot rely on ourselves and our family. We depend on Universities and a schools for education, farmers for foods etc. So businesses play a direct role in the growth of economy of the country.