Question

Justify the statement, business is important human activity

Answer 1

Answer:

Actions that involve the production, distributionand consumption of goods and services at all levels within a society. Gross domestic product or GDP is one way of assessing economic activity, and the degree of current economic activity and forecasts for its future level can significantly impactbusiness activity and profits, as well as inflationand interest rates.The economic activity in the region was being analyzed by our team and we had concluded it would be great to enter the market.

There was some new economic activity going on in the area and it made me excited at the thought of new activities and opportunities.

You should try and follow all of the economic activity so that you know how it might affect your business.

Explanation:

Answer 2

Business is an important human activity that has allowed humans to survive better because it:

• allows people access to goods and services - thanks to business, people are able to trade goods that they have for goods that they want thereby ensuring that human needs and wants are satisfied

• is a source of income - engaging in business allows people to earn money that they can use to get things that they want either as employees or as owners.

For these two main reasons, we can conclude that business is important because the satisfaction of human needs and wants is paramount to the survival of our species.

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