Directions: Read thoroughly the questions and answer briefly. Use a separatesheet of paper.1. Do you believe that even if a nation’s economy shows growth, themajority of its people can still be poor and miserable? How can thishappen? What is the role of the business enterprise?2. Are you convinced that the main purpose of business is to gain profit orto respond to the needs and wants of the society? Defend your answeron this

Yes, it is possible for a nation's economy to show growth while the majority of its people remain poor and miserable. This can happen due to unequal distribution of wealth, where the rich get richer and the poor get poorer. The growth of the economy might be concentrated in certain sectors or regions, leaving others behind. The role of the business enterprise in this context is crucial. Businesses can contribute to economic growth, but they can also exacerbate income inequality if they do not provide fair wages and good working conditions.

The main purpose of a business can be both to gain profit and to respond to the needs and wants of society. These two goals are not mutually exclusive. A business needs to make a profit in order to survive and grow, but it also has a responsibility to its customers, employees, and the wider community. A business that only focuses on profit without considering its social responsibilities can harm its reputation and long-term success. On the other hand, a business that prioritizes the needs and wants of society can build customer loyalty, attract high-quality employees, and contribute positively to its community, all of which can ultimately enhance its profitability.