
EBK BUSN
11th Edition
ISBN: 8220106798461
Author: Kelly
Publisher: YUZU
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Question
Chapter 1, Problem 1LO
Summary Introduction
To discuss: Business and its role in the economy.
Expert Solution & Answer

Explanation of Solution
An activity or an organization that provides the services and goods with an effort for earning profit is known as business. In general business plays an important role in the economy and it is termed as an engine of the economy. The business generally provides jobs and let people in making money that helps them in purchasing goods and services. Thus, the economy will not be efficient without the business.
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