It is significant to ensure that a country allows engagement of commercial and industrial activities. So as the country would be able to grow economically it must ensure that it facilitate a favorable environment that enhances the creation of more commercial centers and industries for food and goods production. So that you can be able to know the growth and development of your country you need to determine commercial and industrial activities that it engages in. Ranking of countries is done in terms of the business activities and more industries that are in operation 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.
Reduction of unemployment. The number of people who are not employed are reduced. 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. Since more people are absorbed in this industries the number of unemployed is reduced.
Boost country’s growth and development. When there are more commercial activities taking place the government finds a chance to get more taxes that it can use to promote and improve regions which are behind in technology. Government is able to distribute its resources effectively to enhance equitable development by conducting an analysis that would be able to determine the regions with more industries and commercial activities.
Also they improve the standard of living of an individual. There is always a reward for people who are working on business and industrial organization for their hard work. 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. Development of new industries comes up with new structure and way of doing things which influence how people live and carry out their activities.
Moreover, acts as a source of government revenue. The more the businesses and industries are the create the more the government is able to generate more revenue. Government is able to generate revenue through regulation where it provides a fee that business or industry is supposed to pay to be given permission to offer its services. Therefore the government is able to collect more revenue when they are more commercial businesses.