Explain why both individual consumers and businesses are important to the stability of an economy. Use evidence to back up your answer.

All resources are consumed by individuals, businesses are rarely he final consumer of goods. All resources are produced by people but people require organization. Individuals and businesses are stronger together than apart and thats what makes a stable economy, people and businesses working together.

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dubeyshailja64 dubeyshailja64 · Answer 2 · 2022-06-04T09:14:58+02:00

The consumer and business both are important for the economy because they are interrelated with each other. Consumer raises the demands for goods and services and business organizations develop products and services to fulfill their needs.

What is economic stability?

Economic stability refers to growth that is fixed and continuous in nature without facing fluctuations according to time. When any fluctuation appears in the market the economy gets fall which results in high price and inflation.

Consumers are the resources that utilize the goods and create demands in exchange for money. If the goods are not utilized then there is no money in the market which affects the economy.

Similarly, business manufacture the goods, if the goods are not sold with given resources, the productivity of business get diminished, and the market drops which result in unemployment and economic instability.

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