Final answer:
Providing goods and services to customers results in revenues for a business, which can lead to profits if revenues exceed expenses. However, if companies face competition with better or cheaper products, they may incur losses.
Step-by-step explanation:
Providing goods and services to customers generally results in revenues for a business. Revenues are the income received by a company for selling its goods or services. When revenues exceed expenses, a company realizes a profit, contributing positively to the economy as consumers get better or less expensive products, businesses increase profits, and employees might earn more income. However, if a company is unable to compete due to higher-quality or less expensive products from competitors, it may suffer losses, leading to reduced profits, or in severe cases, driving it out of business, which affects both the business's profits and its employees' income negatively.