The contribution of businesses to the nation

Question 1

definition of economy

Answer 1

a system set up to determine what to produce how to produce and whom production will be distributed

Question 2

what is economic growth?

Answer 2

an increase in the real value of goods and services over a set period of time

Question 3

what are exports

Answer 3

they are goods or services sold by one country to individuals, businesses or governments in another country with the aim of extending sales and market penetration

Question 4

what is corporate social responsibility?

Answer 4

managing a business in such a way that the broader social welfare of the community, including its employees, customers, suppliers, and the environment, is taken into consideration when making business decisions