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Why is business so important to a country's economy?
Volcanoes can change the economy positively or negatively.The positive way is that a cone volcano.

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Q: Why is business so important to a country's economy?
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What is the importance of credit in your economy?

Credit enables the individuals and firms to purchase the important inputs for the production. Generally one businessman has not sufficient amount for the business. So credit is very useful for the business.


What role does the consumer play in a free enterprise economy?

a consumerism play very important role in our economy. he create a demand for consumer good , and if he demand then only the goods will produced by producer or business man ,and we know very well that aggregate demand and supply is one of the important part of our economy ,so consumerism play very important role in economy.


What is the role of small business in the us economy?

Small business drives the U.S. economy by providing jobs for over half of the private workforce. Moreover, the latest figures show that small business with fewer than 20 employees increased employment by 853,074 during 2001-2002.So,it plays very important role in US economy.


Why India so important to International business?

India is important for international trade due to these reasons:Indian economy provide free tax zone for the industrialistProvide securityFully help provide to foreign investors


What is the relation between business and economy?

Business and economy are closely related terms. Business is something that people do to achieve some desired ends, which could be money, personal satisfaction, spiritual satisfaction so on and so forth. What ever the business do has its effect on the economy, for it is impossible to run a business without money. Economic environment is a very important factor in business, it is this one that prompts or stop a man from beginning or continuing his business.

Related questions

What is the importance of credit in your economy?

Credit enables the individuals and firms to purchase the important inputs for the production. Generally one businessman has not sufficient amount for the business. So credit is very useful for the business.


What role does the consumer play in a free enterprise economy?

a consumerism play very important role in our economy. he create a demand for consumer good , and if he demand then only the goods will produced by producer or business man ,and we know very well that aggregate demand and supply is one of the important part of our economy ,so consumerism play very important role in economy.


What is the role of small business in the us economy?

Small business drives the U.S. economy by providing jobs for over half of the private workforce. Moreover, the latest figures show that small business with fewer than 20 employees increased employment by 853,074 during 2001-2002.So,it plays very important role in US economy.


Why India so important to International business?

India is important for international trade due to these reasons:Indian economy provide free tax zone for the industrialistProvide securityFully help provide to foreign investors


Why was the creation of a national bank important to the U.S. economy?

Why was the creation of a national bank so important to the U.S economy?


What is the relation between business and economy?

Business and economy are closely related terms. Business is something that people do to achieve some desired ends, which could be money, personal satisfaction, spiritual satisfaction so on and so forth. What ever the business do has its effect on the economy, for it is impossible to run a business without money. Economic environment is a very important factor in business, it is this one that prompts or stop a man from beginning or continuing his business.


Why are customers so important to a business?

If there were no customers, there would be no business. If there is no business, no money.


Why has ethics become so important in business?

Ethics has become so important in business for various reasons. This is what is being used to enhance professionalism and define the code of conduct in business.


Why are US citizens so important?

US citizens are very important. They form the economy of the country.


True or false a mixed economy is one that has no government control of business?

False. A mixed economy is a mixture of socialism and capitalism. So there is some government control over business, and some private ownership.


Why are risks so important to the insurance business?

Risks are so important to the insurance business because without them noone would bother taking out cover.


Why data is so important to the business?

without data, the business would crash