Question

describe the importance of business in modern society​

Answer 1

Explanation:

Significance of Business in Modern Society. Business is an integral part of modern society. It is an organised and systematised activity for profit. ... It leads to effective utilization of the scarce resources of society.It provides facility of mass production.

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Answer 2

Explanation:

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.