What are the effects of business to the society?

Question

What are the effects of business to the society?

Answer 1

many......both positive as well as negetive effects, some of them are:

Positive:

increasing job oppurtunities and thus higher per capita income and better standard of living.

availability of a huge variety of products and services

Better infrastructure and global competancy.

Negative:

surplus growth in one particular business leads to the decline of other's

ex: IT growth in bangalore has lead to low interests in other industrial establishments and oppurtunities,

and it also has raised the cost of living in bangalore.

people tend to become more materialistic and mechanical, and thus family becomes second priority.