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The effect depends on the business s cyclicality and trend growth.
How business help economy. Start by investing in your local economy where you can support businesses and jobs by switching to local shops and services. That makes them more diverse in form function culture and potential than large corporations. Small businesses help economy by creating jobs and making services available and getting a working capital loan can help continue this trend.
Business schools have a unique opportunity to fill in the gaps and help businesses evolve to meet the demands of a. To connect with economic data identify your end users and. Small businesses also have more flexibility and can be started by almost anyone.
You can also help foster greater change by advocating for economic policy reform in your area and keeping yourself and your community educated about the latest economic trends. In any market economy business plays a huge role. The greater diversity we have in the economy the easier it is for the economy to withstand tough conditions.
Business provides jobs that allow people to make money and goods and services that people can buy with the. New and growing businesses represent the principal sources of job creation and innovative activity in an economy two factors that generally result in the rising standards of living for all.
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