In our text, Ferrell, Hirt, and Ferrell tell us business is important in our society as the study of it can help improve our station not only in life but in our current occupation and community (Ferrell, Hirt & Ferrell, 2009). Understanding the entire life cycle of business as it impacts the community and largely, the country can help to navigate some of the issues and boundaries we find in our lives. As the internet expands small business growth this becomes more important.
Additionally, economics, natural, financial and human resources are affected by the tides of politics and other forces which shape the ability to do business in a certain area. Embargos and other sanctions can deeply change how small and large businesses can sell or buy