It is significant to ensure that a country allows engagement of commercial and industrial activities. Economic growth in a country is essential so that a country would be able to grow in this section it must ensure that it offers an effective environment that promotes the development of more business centers and industries. Growth and development of a country are measured in term of commercial and industrial activities that it has and carries respectively. So that you can be able to place on a weighing scale the level of your country with others you need to make sure that you consider the commercial and industrial activities in a country. A country is wealth due to having more industries and more commercial activities that are taking place. For this reason commercial and industrial are vital for the growth of a country. It is vital for a country to consider the following vital indication that it would be able to enjoy when there are many industries and commercial activities.
creates employment for people. One of the benefits that a country would be able to enjoy is the reduction of unemployment. An industry cannot run alone without workers, therefore, it employs people to enhance its operation therefore when there are many firms in a country more people are absorbed in. As this takes place the number of people who are jobless is reduced.
Promotes the country’s growth and development. More commercial transaction taking place in a country result to the generation of more taxes that the government can use to distribute in parity regions so that they tend to improve. The state will have an easy time to determine the regions which require more resources for development when they accumulate more taxes due to the more commercial transaction taking place.
More it enhances improvement of living standard. As a worker, you would be able to receive an income when you work in industries or commercial businesses. When you get this earning you can be able to change the lifestyle that you used to live since you have an extra amount that you can use. People are influenced by minor things and cope up easy with new ways so when there is new emergent and development of new structure people tend to emulate such structure development.
They are essential sources for state revenue. So that the government would be able to have a good record of its revenue it needs to factor having more businesses and industries. Businesses and industries must adhere to the rules and regulation of a state by ensuring that they have a license for the operation which is provided by the government at a fee. For this reason the more the firms and business are available the more the revenue collection.