The contribution of business made to the economic & social well being of Australia.

Nowadays, melody has become the most popular and well-know word in the modern society. If you type this word in the search editorial of Yahoo Australia, there are approximately 402,000,000 results available. Indeed, as an pregnant element of our society, personal line of credites have made much contribution of the economical and social well being of Australia in different aspects including: wealth creation; employment; innovation; quality of life; choice and entrepreneurship.

Wealth creation.

The major goal of most businesses is to make profit. This is done by means of the process of value adding which are virtually the daily operations of businesses. This wealth is then distributed to various stakeholders of the businesses such as shareholders, employees and governments and so on Hence, the overall wealth of the society is raised to a high level. In the modern society, everybody is related to some businesses one route or another. For example: the books bought from book shops, the clothes bought from clothes shops, the aliment bought from canteen, the pens bought from newsagencies etc.

All of these are activities relating to businesses, and these activities are the component of our economy. Therefore, businesses are the driving superpower of our economy. In detail, economic growth is achieved by continued business activities. Businesses are like wealth generators in our economy, without them, poverty give increase and spread and people will suffer.



Research shows that the leave 100 businesses in the world are all from thick economies such as USA, Japan, Europe, Australia, South-East Asia, East Asia etc. This proves the fact that businesses are important in wealth creation.

Employment.

Businesses are also important in creating employment for Australian people. People accept money to survive; hence they work for different businesses to move in the money they need. This simple relationship between people and business illustrates one of the important role...

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