In groups of 5, 1. Explain five ways in which businesses benefit the society in which they operate.

1. Job Creation: Businesses provide employment opportunities for individuals in the society, which helps to reduce unemployment rates and improve the standard of living for people.2. Economic Growth: By generating revenue and contributing to the economy, businesses stimulate economic growth and development in the society.3. Innovation and Progress: Businesses drive innovation and technological advancements, which can lead to improvements in productivity, efficiency, and overall quality of life for individuals in the society.4. Community Development: Many businesses engage in corporate social responsibility initiatives, such as philanthropy, environmental conservation, and community development projects, which contribute to the well-being of the society.5. Consumer Choice and Satisfaction: Businesses offer a wide range of products and services that cater to the diverse needs and preferences of consumers, providing choices and enhancing the overall consumer experience in the society.