Question

Is the business organization or labor force more important for the strength of the economy?

Answer 1

Answer:

The labor force is more important for the economy.

Explanation:

• Though business organizations form an integral part of the economy, their existence is not mandatory as long as every individual labor bears the ability to work on his own.

• This is because the individuals working separately can also run the economy efficiently without the need of a business organization.

• A business organization merely pools the labor under one roof and combines together the services that the labors can offer in order to fetch larger benefits.

Answer 2

Answer:

The labor force is more important for the strength of the economy.

Explanation:

Having a labor force helps keep unemployment low.