Step-by-step explanation:
Business is essential and promotes the quality of human life for two reasons: for producing economic goods and services and for generating jobs.
Economics is the science that studies and uses the set of actions that use resources to produce and distribute goods and services for consumption whose objective is to assist in the survival and quality of life of individuals. Companies are responsible for producing essential goods and services, such as food, medicine, clothing, etc.
The generation of jobs is also a factor that comes from business, through the human labor force that companies need to operate the business, it is possible to generate income for individuals, strengthen the economy, etc.