The global economy has been affected by the rise in businesses and the increasing number of people who are entering the workforce. The United States is a prime example of this. It is expected that this trend will continue for the next decade.

What are the Effects of Business on the Economy?

The effects of business on the economy can be seen in various ways. While some businesses are more beneficial to the economy, others may have negative effects.

The first and most obvious effect is an increase in employment. Businesses create jobs and that is good for the economy. They also generate income which can be used to pay taxes and purchase goods or services from other businesses.

Another major effect is an increase in trade. With increased trade, people are able to buy goods from other countries with ease which keeps their currency strong and helps them sustain a healthy economy.