B. E. Unit 2 Intro

Manufacturing businesses

Service businesses

Trade industries

Raw goods producers

By automating all processes

By employing individuals and supporting families

By replacing human workers with technology

By focusing only on profit-making

Limiting innovation

Reducing consumer choices

Providing goods and services

Avoiding economic contribution

Avoiding taxes

Generating income and paying taxes

Hoarding profits without reinvestment

Importing more than they export

Increasing product prices arbitrarily

Supporting local charities

Minimizing product quality to save costs

Avoiding community engagement

They create new products, services, and technologies to solve challenges.

They limit access to modern technologies.

They reduce competition by avoiding innovation.

They prioritize existing solutions over new ideas.

Producing raw goods

Moving goods from producers to consumers

Offering intangible services

Managing employee relations

By creating barriers between economic activity and societal progress

By acting as a bridge between economic activity and societal progress

By focusing only on large-scale enterprises

By reducing engagement with local communities

They only focus on generating profit.

They benefit both individuals and communities by providing goods, jobs, and innovation.

They prioritize competition over community welfare.

They operate independently of societal needs.

It limits the scope of innovation.

It ensures societal success and progress.

It discourages economic growth.

It reduces the role of businesses in culture.