What are the roles of business in society?

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gsenviro | College Teacher | (Level 1) Educator Emeritus

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Businesses are a part of society and are the wealth and job creators and innovators. Business generates employment opportunities for people with various skillsets and provide them with means of survival. Business also trains the people and enhances their existing skillset. With national/international exposure, employees also experience situations hey have never experienced before and have knowledge enrichment. With innovation and competition, businesses develop new products and services, at cheaper rates, to serve the people and society. Businesses pay taxes that are used for nation building. The success of the business community drives the country's economy and in turn enriches the society. Business also provides entrepreneurial opportunities to people, an opportunity to be your own boss and decide the limits yourself, a trend catching up more and more in today's world. 

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