Why is business so important to a country's economy?
Business is extremely important to a country’s 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. You will presumably be reading this answer on a computer that was produced by a business. You are buying internet access from a business. Almost everything that you use in your everyday life was produced by a business and sold by yet another business. Without these businesses, it would be very hard for us to get the things we need. Imagine, for example, how hard it would be for one person to build and sell their own computers from scratch. This is a major reason why businesses are important for a country’s economy.
Businesses are also the means by which many people get their jobs. Businesses create job opportunities because they need people to produce and sell their goods and services to consumers. Without businesses, each individual would have to create his or her own way of making a living. This would be very difficult. Thus, businesses are important because they provide goods, services, and jobs. Without these things, nations’ economies would be much smaller and weaker than they are.
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