Question

"local business creates employment at the local level". Justify this statement with examples.​

Answer 1

Answer:

Local-level development activities increase the economic condition of the local people. Employed people have a good source of income such people can save a certain amount of money. That amount can be invested for further income. The local products get to market. Construction of development work promotes tourism. Tourism is directly related to the economy. The economic activities increase with development activities.

EXAMPLES

• With a majorly young population, entrepreneurship fits just as well. It generates employment, allowing the economy to move along by keeping the better part of a billion people employed.
• Restaurants
• Entertainment
• Pet services
• Salons
• Coffee shops

All the above examples of small businesses provide employment oppurtunities to locals, leading to better standards of living and overall growth of the economy.