Title: Importance of Business | Grade 11 Management Notes | TyroCity
Headings: Importance of Business
Importance of Business
Importance of business:
Go back to subject
Have a Question

Content: Industries use men, money, materials, methods and machines and help to create employment. Commerce is the concept of exchange goods/services at national and international levels. It helps to earn foreign currency by export business too. Therefore, business helps in economic development
2. Utilizing natural resources
Every country has diverse natural resources. Business must be directed towards proper and efficient utilization of resources. Business utilizes the resources like water, minerals, ores and so to achieve its own goals. But resources must be utilized without exploitation. 3. Creation of utility: