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Why business is important?

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Wiki User
May 17, 2010 12:53PM

Yes, business is important because businesses provide goods, services, and jobs. Without businesses, every family would have to be experts at all facets of life: cooking, mechanical work, farming, surgery, computer manufacturing, video production, ect. Life would not be practical. In conclusion, the importance of businesses in our economy is that that allow specialization of labor. Because business "IS" the economy. Whithout business, there is no economy.Thus, the importance.