Question

How do businesses help a country's economy

Answer 1

bussinesses are the base of an economic structure.it contributes much to the economic growth of a country.

Answer 2

"Businesses are huge contributors to the economic structure of a country." They proved the middle ground for the exchange of various services and products. Some products may be from sources outside of the country which paves the way for a company to strive not only from within but globally as well.

Answer 3

The growth of a country's economy is measured by Gross Domestic Product (GDP).

GDP=C+I+G+(X-M)
where C=Private Consumption
where I=Investment
where G=Government Spending
where X=Exports
where M=Imports

As businesses invest and produce more goods and services, consumers purchase them. This leads to higher employment. In addition, GDP per capita (i.e. per person) measures the standard of living. Therefore, as GDP increases the country's economy grows and the standard of living improves.