Business administration involves analyzing how companies acquire and utilize resources to achieve their objectives, typically converting efforts into economic gains. This field plays a crucial role in driving economic growth within countries, bringing about numerous advantages.
business administration is the economic engine that increases economic development of countries and this brings many benefits.
The benefits of economic development come from factors such as
solid infrastructure
other services
good drinking water
constant electricity
construction of good airports and seaports
functional sewage and canals
good roads
improvements in human capital
Human beings are the main engines behind economic development, which can be achieved by applying their skill, knowledge and experience towards the development of the nation.
improvement in the competitiveness of the country with others in the region or the world
environmental awareness
running a business is a job that is based on the planning, organization, direction and control of human, technological, material, financial resources, among others
all with the purpose of successfully achieving the objectives of that company or organization.
studying the way in which companies obtain and use their resources in order to meet objectives, achieve goals and obtain benefits.
which in most cases translate into economic benefits
