businesses contribution to economic and social wellbeing of a nation Flashcards
(8 cards)
Business contribution : Economic growth
Contributes to overtime growth
Sells wide range of goods and services
Business contribution: taxation
funds infrastructure
Helps pay for public goods and services
Business contributions: employment
Allows people to buy goods and services
Provides training and skills
Business contribution; Corporate social responsibility
makes social impacts
improved workers wellbeing
Business contribution: innovation
helps businesses develop unique products, allows business to remain competitive
Business contribution: Career and social wellbeing
Improved wellbeing due to sense of purpose
Career goals
Business contribution:
Research and development
Caters to new wants and needs
Helps business growth and develop
Business contribution:
Export earnings
Improves Australian economy
expands market oversees
