The role of business in the economy is very important. The economy depends on the taxes received and collected from small and large business to allow the government to function. The country depends on the employment and service provided but business to produce the goods that the country relays on for daily livings. Thus the businesses are able to produce taxable income for the government. A business is an economic system that provides goods and services in an effort to earn a profit. Possibility of earning a profit provides a powerful incentive for people to launch their own enterprise. Businesses are the back bone of a strong and successful economy. Businesses create wealth for their owners and benefit the people who they employee and as well as services it provides to customers. If business are doing good then the economy is good, as people are employed and spending to add to the economy. More spending means more taxes for the government to function more effectively. To summarize it, businesses are the heart beat of the economy of the country producing goods and services, filling the needs of society, and other businesses, by providing employment, and technical innovation, and by making improvements in productivity. For-profit and nonprofit organizations also play great roles in the economy. These organizations are very different in their purposes yet have great impacts on the economy. For-profit organization main purpose is to gain money and wealth. These companies are industries such as clothing, auto, and insurances. As nonprofit organization main goal is to give back to the community and only keeping enough money to keep the organization running. Both organizations employ people to help provide the services they are providing to the community. For-profit organization main goal is to grain a profit and continue to gain a profit to benefit the company and its employees. As the employees employed in these organization do work for the organization for a profit for themselves. As nonprofit organizations main goal is to help the community, while most employees in the organization are volunteers. The volunteers work for the organizations for the sheer enjoyment for of helping people and reorganization of helping others not for a profit. Both organizations add to the economy through for profit organizations paying taxes on their profits made. Nonprofit organizations are not typically registered with the IRS. ”Only organizations with more than $5,000 in annual gross receipts must register with the IRS and only those with receipts in excess of $25,000 must file with the IRS” (Brown) The impacts of the current fiscal and monetary policy on the economy are very similar. Monetary policy lowers interest rates and boosting spending within the economy. This policy balances out the money flowing in the economy. As fiscal policy can come decrease the economy and the amount money flowing within the economy by increasing taxes or they can cause an increase of money flowing by decreasing taxes. The economy today is in a monetary policy as unemployment rates are still at an high but consumer spending is up too. With spending being up we are able to pay the debt back, it may be slowly but it is being paid. I am familiar with the product of shoes. The best way I would market the a shoe line globally would be the internet. Global marketing strategies’ using the internet is the strongest weapon as the internet travel everywhere with consumers. I would set up a website listing and detailing the product and its cost including shipping. I also would buy into web sites such as Google to run ads and links placed on the side of their search pages to direct customers to my main site. The impact on Wal Mart’s level of social responsibility to a stakeholder is incredible. Wal Mart main social responsibility is to return profits to its shareholders and stakeholders. While the employees of the organization barely see raises, the shareholders and stakeholders are able to see their investments work in their favor. This practice impacts its employees greatly as many employees cant not afford the health coverage offer at the job due to the lack of raises. “Full-time employee working at Wal-Mart only make $8 an hour, while only 45% of the workers can afford to be covered by health insurance. Wal-Mart also increase part time employees from 20 percent to 40 percent so that they do not have to cover all of their employees for health insurance. Although Wal-Mart may not provide excellent benefits to her employees, it successfully performs as a legitimate business operating in a capitalistic society. Wal-Mart upholds the primary fiduciary duty to satisfy her stockholder and follows free the market libertarianism model, which states that a business should not interfering with the free market. In a free market Wal-Mart has a direct responsibility to her primary stockholders rather than the employees of a company.” (Wal-Mart and Corporate Social Responsibility, 2012)

Reference Page
Brown, K. L. (n.d.). http://www.referenceforbusiness.com/management/Mar-No/Nonprofit-Organizations.html. Retrieved from http://www.referenceforbusiness.com: http://www.referenceforbusiness.com
Wal-Mart and Corporate Social Responsibility. (2012, NOV 05). Retrieved from 123HelpMe.com: .