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For starters, businesses can help provide jobs for people in the community. By businesses opening and being brought into the economy, job positions are opened, and more people are able to find work.

If the business is small and local, chances are that there will be more personalized customer service available. This makes the individual be able to access what they need easily, and feel cared about by their surrounding businesses.

Speaking of surrounding businesses, by a business opening in their community, individuals will be able to get local goods and services, making the commute or effort less tedious.

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Just as it can benefit individuals, new jobs opening can also help the community. More people being able to have jobs allows the unemployment rate to be positively affected.

With more businesses in a community, it is possible that others can benefit as well; if one business is complementary to another, it can keep them in business, helping the community overall.

With more businesses in the community, the economy will benefit, which in the long run will benefit the community even more. Businesses can lead to a healthier economy by bringing more money into circulation, opening positions for individuals, and giving a overall healthier economy (which can help prevent things such as downsizing).

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Create products and services used by individuals and other businesses

Are responsible for using resources to make something that is needed

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Under the category of producers, there are extractors

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Under the category of producers, there are extractors

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Extractors are businesses that take resources from nature for direct consumption.

For example: Pumping oil, mining coal, cutting timber, farming

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Manufactures get their supplies from producers

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Sell the goods and services from producers to consumers/businesses

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Retailers, transportation companies, advertising agencies, storage centers, etc.

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Carry out activities that are consumed by customers

Do not sell products, or offer up products, only their services

Are the fastest growing part of the economy

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Some examples of service businesses are:

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Some examples of service businesses are:

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Dentists, doctors, lawyers, painters, plumbers, pet groomers etc.

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FedEx, the shipping company, benefits individuals by giving them access to various goods,  personalized customer service, and creates jobs for those interested.

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FedEx would be considered a service business (possibly also an intermediary)

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Again, FedEx, the shipping company, benefits the community by creating jobs, giving them access to various goods,  and also keep surrounding companies in business by transferring their goods to the community.

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“The World's Most Admired Companies for 2018.” Fortune, Fortune, 17 May 2018, fortune.com/worlds-most-admired-companies/.

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Rampton, John. “6 Benefits for You and Your Community From Supporting Local Entrepreneurs.” Entrepreneur, Entrepreneur, 17 Apr. 2015, www.entrepreneur.com/article/244839#.