Worksheets
Conclusion
In conclusion, if a person wants to success in a business, he or she must think about these two fundamental aspects of business –Production and Consumption. A business has to choose a proper method of production so that their productivity can be efficient, their sales of product can go on smoothly and thus earn higher profit. The laws of demand and supply help a person to determine the price of product. Using those two laws is actually a very logic and smart act in running a business because. Globalisation affects the world enormously but it has its pros and cons. It has also changed our lifestyles, either in good or bad ways. However, globalisation also establishes our communication throughout the world and our technology is becoming more and more advance too. It is beneficial for business to globalise their products although the process takes time, but it makes the entrepreneurs to think more creatively and innovatively so that new product can be produced which can solve our problems in lives.