Answer:
importance of the coexistence of work and business
Explanation:
both support each other, since a company cannot grow without an operating team that produces the goods and services it offers to its consumers.
Answer:
Importnace of factors of production
Explanation:
factors of production include
1. land
2. labor
3. capital
4. entrepreneurship
In the question given in order to analyse the relationship of labor and business we can imply relate to the relationship of productivity of labor to that of the growth of the business.
Increased productivity of labor leads to increased efficiency. which in turn reduces cost and improves the profitability of the business.
Moreover in real life examples we can look at specialized profession where skilled labors productivity like doctors, teachers, lawyers etc help in building an image of the organisation which in turn helps in getting more clients.
labor productivity has a direct relation with the business growth and its profitability.
