Title: Importance of Business | Grade 11 Management Notes | TyroCity
Headings: Importance of Business
Importance of Business
Importance of business:
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Content: 9. International relations: Business is the medium for development of national and international relationship. It helps to maintain harmonious relation among the various countries. There can be mutual understanding and better diplomatic relationship among the countries. Import and export is the major base for international relationship. 10. Self-sufficiency: It helps in achieving countries and individuals self-sufficiency. It also helps in improving the living standard of people by reducing the dependency.