Economy and Business

Economy and Business

Introduction

With rapid globalization and development of new business have results in economic growth as it helps to increase the total output that is produced in an economy. It assists in introducing new and improved method of productions to utilize the resources effectively and efficiently. This also helps to increase the productivity of workers; as a result of this increase in production economy can export these goods in international market. International trade has also benefited businesses to reduce their cost of production by outsourcing some of the business operations to the states that have cheap labor and other ...