The Role of Business

In: Business and Management

Submitted By arrimommy07
Words 500
Pages 2
In this paper I will discuss the role of business in the economy compare and contrast the roles of for-profit and nonprofit organizations discuss the impact of current fiscal and monetary policy and show an organization that I am familiar and outline a strategy for accessing global markets. The role of business in the economy is business is the economy. If there is no business then there would be no economy at all. The economy of the country depends on employment provided by big and small businesses that produce the goods and provide the services that we rely on in our daily lives. Businesses pay taxes to the government and allow the government to function on the tax collected from them. The government shows the economy to be shrinking includes the privation of government business enterprise. (Study mode) For-profit and nonprofit organizations play an important role in the economy. For-profit organization produces goods and services and provides employment with the primary goal of generating financial gain. Kelly McGowan (2012) Whereas nonprofit organizations are not businesses of financial goal they employ people, take in revenue and provide good and services with fundamental goal of serving humanitarian needs. Kelly McGowan (2012) The impact of current fiscal and monetary policy on the economy is. Monetary policy is Federal Reserve decisions that shape the economy by influencing interest rates and the supply of money. Kelly McGowan (2012) Whereas fiscal policy refers to government efforts to influence the economy through taxation and spending decisions that are designed to encourage growth, boost employment, and curb inflation. Kelly McGowan (2012)
A product that I choose to outline and strategy for accessing a global market would be a direct investment. Direct investment is when firms either acquire foreign firms or develop new facilities from the…...

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