The Business Environment

1.Describe the role of p bentage in the preservation. Business and the economy go hand in hand. One would non come through without the other. Without pedigree the economy would not survive and without the economy the line of merchandise would not exits. The economy of the country depends on the employment agitate by crea exits both big and small. In an unformable economy work suffers. Furthermore, there ar many factors that are personad to bank bill economic growth. The GNP (Gross National Product) defines the total market treasure of goods and services within a given period. The GNP depicts the lastingness of both business and its take aim of end harvest-tide to exist. Therefore, all factors of production play an integral role in business as it relates to the economy. Natural resources set the tone for business to be conducted in an economy. The basics begin with supply and demand. Consequently, capital provides the resources the busines s need beaty to produce the goods and services. In addition to congenital resources and capital, human resources cut through the physical, intellectual and creative contri notwithstandingions of those working(a) within an economy. Lastly, entrepreneurship is needed but must have an environment to support their enterprises.

After evaluating individually factor of production, it is clear to see that all factors must be in place in order for an economy to survive. 2. equalize and contrast the roles of for- attain and nonprofit organizations in the economy. While all businesses need the economy and funds to exits, no t all have instruction manual on do a prof! it. There are deuce (2) types of organizations for profit and non-profit organizations. For profit organizations pay taxes and non-profit organizations are not in business for pecuniary gain, while both organizations collect money. The non-profit organizations are only allowed to use funds for the betterment of the organization. The for- profit organizations are not restrict to those rules and regulations. While both of these...If you want to stomach a full essay, order it on our website: OrderCustomPaper.com

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