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Discussion1.edited

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Subject
Business
School
The University of Texas at Austin
Type
Homework
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DISCUSSION 1
Discussion
By
[Name of Student]
August 13, 2021

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DISCUSSION 2
Economic Markets’ Contribution to Society
Profits are vital, but we now have a better understanding of how the business serves
society. Good firms bring fresh ideas to the market, which aids in their growth. Businesses that
are innovative and growing generate economic growth and job creation, which considerably
improves human lives. In this post, I believe that the primary purpose of business is to create
new and creative services and products that promote economic progress while also generating
major societal advantages. Sustained economic activity, driven by innovation, has a major
impact on per capita financial development.
Small differences in macroeconomic growth can lead to significant changes in revenue
over time, emphasizing the significance of business expansion to societies. In addition to
producing development, innovative businesses can supply critical products and services to
customers, especially those at the heap's base. Corporations that adapt and prosper have the
potential to deliver a lot of benefits for society. They not only provide excellent products and
services to customers, but they also help the regional economy by raising tax money, providing
jobs, and encouraging community pride and progress.
To make a positive contribution to society, businesses need to do two things:
(1) Create Economic Value
Economic value is one way to describe and quantify value. Although other value types
are frequently important, economic values are important to consider when making economic
judgments, including resource allocation issues.
(2) Work to Distribute Economic Efficiency

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DISCUSSION 1 Discussion By [Name of Student] August 13, 2021 DISCUSSION Economic Markets’ Contribution to Society Profits are vital, but we now have a better understanding of how the business serves society. Good firms bring fresh ideas to the market, which aids in their growth. Businesses that are innovative and growing generate economic growth and job creation, which considerably improves human lives. In this post, I believe that the primary purpose of business is to create new and creative services and products that promote economic progress while also generating major societal advantages. Sustained economic activity, driven by innovation, has a major impact on per capita financial development. Small differences in macroeconomic growth can lead to significant changes in revenue over time, emphasizing the significance of business expansion to societies. In addition to producing d ...
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