Answer to Question #177451 in Management for Mari

Question

In 10-15 Sentences. Explain the importance of establishing and sustaining business enterprises as source of job opportunities and financial freedom.

Answer 1

Answer.

Starting a new business ensures regional and economic integration. It entails exportation and importation of goods within nearby regions.It in return directly contributes to earnings and regional productivity.The increase in production ensures freedom as it promotes jobs.New technologies are utilized and created from business establishments.Modernizations of efficient labour and faster pace of production is then needed.In relation to the technology advancements,skilled and knowledgeable workers are needed to sustain the technology demands.Another importance arises when investors invest in products that are necessities to people.Once investment is set into progress the need to manufacturer more products arise in order to keep up with the demand.The result of the increased investors to meet product demand calls for a need to hire more people in the industry. Building and sustaining a business is always necessary. It provides financial freedom by providing employment. In addition to that,it AIDS in development of economies in countries thereby guaranteeing them freedom.