Title: Why are businesses so important to a country's economy? - eNotes.com
Headings: Why are businesses so important to a country's economy?
Economics
Why are businesses so important to a country's economy?
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Content: A stable world economy depends on cooperation and global trade relations. Finally, a less tangible but equally important aspect of the contribution of business is to people's psychological welfare. Companies provide jobs, taxes, and contributing to the economy by generating income and wealth. Businesses are often community hubs where people socialize and meet. Think of your local coffee shop or favorite restaurant. These are places you go to commune with friends and to socialize. Every economist recognizes the value of positive social interaction in the economy. Further Reading
https://ppc.sas.upenn.edu/sites/default/files/beyondmoney...
https://www.reference.com/world-view/business-important-s...
https://www.thebalance.com/fy-2019-federal-budget-summary...
Last Updated by eNotes Editorial on December 7, 2020
Isabell Schimmel
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Business is extremely important to a country’s economy because businesses provide both goods and services and jobs. Businesses do these things much more efficiently than individuals could on their own. Businesses are the means by which we get most of the goods and services that we, as consumers, want and need.