it provides income for the country's budget (if not heavily outsourced/tax-optimized) it provides services to people. it provides jobs for people. it can make other people do better at what they do - creates competition.Sep 15, 2015.
it provides income for the country's budget (if not heavily outsourced/tax-optimized) it provides services to people. it provides jobs for people. it can make other people do better at what they do - creates competition.Sep 15, 2015
The role of a business is to produce and distribute goods and services to satisfy a public need or demand. According to Business News Daily corporate social responsibility (CSR) is “a business practice that involves participating in initiatives that benefit a society.”
Businesses don't just satisfy our needs and wants through the products they produce. But, they also create jobs and income in the economy. In addition, competition between them encourages innovation and efficiency, making goods and services cheaper and of higher quality.
One of the most significant benefits of business for society is the creation of job opportunities. Businesses provide employment to people, which is one of the most crucial factors for an individual's well-being. As businesses grow, they create more job opportunities that are vital for the growth of the economy.
They create job opportunitiesThey get more money circulating in the local economyThey keep taxes close to homeThey build community identityThey're
Business society benefits
Mutual association for a common financial or social purpose
A friendly society is a mutual association for the purposes of insurance, pensions, savings or cooperative banking. It is a mutual organization or benefit society composed of a body of people who join together for a common financial or social purpose. Before modern insurance and the welfare state, friendly societies provided financial and social services to individuals, often according to their religious, political, or trade affiliations. These societies are still widespread in many parts of the developing world, where they are referred to as ROSCAs, ASCAs, burial societies, chit funds, etc.
