PROGRESS OF OTHER FIELDS?

PROGRESS OF OTHER FIELDS?

                                                          THE PRODUCTION OF GOODS AT LARGE SCALE ALSO HELPS IN THE DEVELOPMENT OF OTHER FIELDS LIKE WAREHOUSING, MARKETING , COMMUNICATION, TRANSPORT, BANKING AND INSURANCE ETC.

EMPLOYMENT OPPORTUNITIES;

                                                               WHEN A BUSINESS IS STARTED, IT DIRECTLY PROVIDES EMPLOYMENT TO THE OWNER AND INDIRECTLY TO THE OTHER PEOPLE IN THE FORM OF JOBS (AS EMPLOYEES). SO, WHEN MORE BUSINESS UNITS ARE ESTABLISHED THEN THEY INCREASE THE EMPLOYMENT OPPORTUNITIES.

BETTER STANDARD OF LIVING; 

                                                              THE BUSINESS IS A SOURCE OF EMPLOYMENT FOR ITS OWNER, EMPLOYEES AND OTHER PEOPLE LIKE SUPPLIERS AND AGENTS ETC. SO , IT NOT ONLY PROVIDES BREAD AND BUTTER IN THEIR LIFE BRINGS GRADUAL IMPROVEMENT IN THE STANDARD OF LIVING. IN THE ABSENCE OF BUSINESS, THE FLOW OF INCOME STOPS AND THE LIVING STANDARD GOES DOWN.

THE INVESTMENT OPPORTUNITIES;

                                                                       THE BUSINESS USES THE SAVINGS OF PEOPLE IN PROFITABLE AND USEFUL  WAY . IT PROVIDES MANY OPPORTUNITIES TO THE PEOPLE TO EARN PROFIT.THE MODES OF INVESTMENT MAY BE;

        OWNER'S OWN INVESTMENT(OWNER'S EQUITY)
         
         INVESTMENT BY PURCHASING SHARES AND DEBENTURES.   

         INVESTMENT IN FORM OF PARTNERSHIP.

INNOVATION; 

                          A BUSINESS APPLIES RESEARCH AND DEVELOPMENT PROGRAM'S

 TO FIND OUT THE NEW WAYS OF PRODUCTION. FOR THIS PURPOSE, IT USES NEW AND MODERN METHODS OR TOOLS FOR THE PRODUCTION OF GOODS. IT NOT ONLY INCREASES THE PRODUCTION VOLUME AND PROFIT OF THE BUSINESSMAN BUT THE PEOPLE ALSO GET THE BENEFITS OF NEW INVENTIONS.