Impact of Business Activity

Question 1

what are the benefits of business activity

Answer 1

creation of jobs reduces unemployment
employed people have access to training & learn new skills
more employment = more demand for goods/services
standard of living increases
tax paid to government, government invest money into services
businesses more confident/willing to invest
infrastructure can be improved

Question 2

what are the costs of business activity

Answer 2

environmental impacts of business on country/location (pollution)
greenfield sites can be lost
too much demand for goods/services cause inflation = people unable to afford some goods