Question: How do businesses contribute to the economy?

Sample Answer (The AREA technique):

Answer: Businesses contribute to the economy by generating wealth, providing employment opportunities, and promoting innovation.

Reason: Businesses are essential drivers of economic growth because they produce goods and services that people want and need. In the process, they create jobs, increase demand, and stimulate further economic activity.

Example: For instance, the tech industry has contributed significantly to the economy by creating thousands of jobs and driving innovation in various fields such as healthcare, communication, and transportation.

Alternative: Additionally, businesses can also foster economic growth indirectly by investing in research and development or supporting local communities through philanthropy and social initiatives.