how does supplying goods and services bring in money to Texas??/ How???
Supplying goods and services brings in money to Texas by generating revenue through sales and transactions. When businesses sell goods and offer services, they receive payment in return, which adds to their income. This income can then be circulated within the local economy, creating a multiplier effect as the money is spent on other goods and services. Additionally, businesses that supply goods and services may also create jobs, further contributing to the economy by providing income to employees who then spend their earnings within the state. Overall, supplying goods and services plays a vital role in generating economic activity and bringing money into Texas.
how does supplying goods and services creates jobs for Texans??? how??
Supplying goods and services creates jobs for Texans in several ways.
First, businesses that supply goods and services need personnel to produce, market, sell, and deliver their products. This requires hiring workers for various roles such as production workers, salespeople, marketing specialists, and delivery drivers.
Second, the demand for goods and services leads to the growth of businesses, which in turn require more employees to handle the increased workload. As businesses expand to meet the needs of their customers, they often hire additional staff to support their operations.
Third, the money generated from supplying goods and services circulates within the local economy, creating a multiplier effect. As businesses earn revenue, they are able to invest in their operations and hire more employees, leading to job creation.
Overall, supplying goods and services creates jobs for Texans by spurring economic activity, stimulating business growth, and increasing the demand for labor in a variety of industries.