1. Describe the role of business in the economy.
The role of business in the economy is to provide, products, jobs, and helps in the growth of the economy. Businesses provide a better standard of living for people. Today business is consumer friendly and as result creates a source of wealth for all around. There are two types of businesses that impact our economy, for-profit organizations and nonprofit organizations. The for=profit organizations range from the local grocer to the car dealership in our community and we all need them.

2. Compare and contrast the roles of for-profit and non-profit organizations in the economy.
For-profit organizations are in the business of making enough money to cover expenses and make a profit. For profit organizations can help the economy based on the products, services and goods they are providing, based on the consumers demand. Based on what they provide, they can create wealth and stability for communities. A community can thrive if the organizations, provide stable employment for people, who in turn would spend money, thus creating wealth for the organization. These organizations can also be very popular with the communities if the contribute to the local or nationwide nonprofit organizations that provide services for their communities. The nonprofit organizations work with for profit businesses to provide a better quality of life for these communities.

Nonprofit organizations are in the business of doing good for communities. Nonprofits focus on areas such as, health and welfare, art, culture, education and human services. While they conduct business like a for-profit organization, meaning that employ people, they require revenue, because they have expenses, they are not in the business for a profit. They are more focused on the neighborhood museums, shelters, art centers, schools and they assist other