In our society, understanding the importance of businesses is quite simple,
businesses are an essential staple for creating a thriving economy. It is important for the economy because it provides jobs and goods for the community. Businesses can provide all that we need more efficiently than individuals can do by themselves. Whether they are a one-person enterprise or a national corporation both are vehicles for exchanging services. In our complex society today we have to understand that businesses help our families survive because we could not do it all on our own.
Not only does it help us with the goods we need and want but businesses employ us so that we have a steady income to fulfill our daily tasks. I also learned that small businesses are also a critical asset to the business world because they provide competition, local hiring, diversity, and turnover so when one company may fail another has the opportunity to thrive.
By reading articles, I was able to determine that businesses give us the opportunity to live the lives we want to live. Whether it be working under someone in a business or starting one of your own, business encourages productivity to bring in revenue and profits. Ultimately showing the importance of business because it is the backbone of the countries economy.
~Erin Connolly
Work Cited-
pohnpei397. "What is the importance of business in a country's economy?" eNotes, 19 Oct. 2012, https://www.enotes.com/homework-help/what-importance-bussiness-coutrys-economy-367827. Accessed 23 Oct. 2017.
"Why are Small Businesses so Important for the Society?" https://www.huffingtonpost.com/entry/why-are-small-businesses-so-important-for-the-economy_us_58f61f9ae4b048372700db75
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Not only does it help us with the goods we need and want but businesses employ us so that we have a steady income to fulfill our daily tasks. I also learned that small businesses are also a critical asset to the business world because they provide competition, local hiring, diversity, and turnover so when one company may fail another has the opportunity to thrive.
By reading articles, I was able to determine that businesses give us the opportunity to live the lives we want to live. Whether it be working under someone in a business or starting one of your own, business encourages productivity to bring in revenue and profits. Ultimately showing the importance of business because it is the backbone of the countries economy.
~Erin Connolly
Work Cited-
pohnpei397. "What is the importance of business in a country's economy?" eNotes, 19 Oct. 2012, https://www.enotes.com/homework-help/what-importance-bussiness-coutrys-economy-367827. Accessed 23 Oct. 2017.
"Why are Small Businesses so Important for the Society?" https://www.huffingtonpost.com/entry/why-are-small-businesses-so-important-for-the-economy_us_58f61f9ae4b048372700db75
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