Business Studies, asked by alinajay159, 1 month ago

How does business conributes to the economic development of a country?

Answers

Answered by harshiltaneja09
3

Answer:

Business plays a vital role in the economic development and wealth of a country. Success in business translates to the economic well-being of a company and its residents through job creation and offering improved quality of life for the country's citizen

Answered by usha19021984
3

Answer:

New and improved products, services or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government sending.

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