How buisness is an integral part of the society
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Answer:
The role of a business is to produce and distribute goods and services to satisfy a public need or demand. Society does not exist without some form of an economy, and businesses are what make up the economic system of the world.
Business is an integral part of society because-
1. The first and foremost role of business is that it elevates the economy of society and generates and creates employment that results in income. Business requires a labor force and various other fields are involved in a business where people only qualified with vocational training can opt for. Unskilled laborers are provided with necessary field training.
2. Businesses produce important commodities and services that are required by the citizens frequently.
3. Technological progress is encouraged by business.
4. Start-ups are initiating new and innovative ways of various activities.
5. The notion of entrepreneurship is vitalized by a business.
6. Business brings in developing change in the society. It helps in social and cultural progress. It innovates better and more effective technological and educational methods.