Economic progress can occur when business owners provide jobs and economic growth for their employees, their communities, and themselves.

1. true

2. false

1. true

Explanation:

Economic progress in a country or society means an improvement in people's livings standards. The residences become healthier, wealthy, and more educated. Economic growth entails an increase in income levels and a general improvement in society's well-being.

Engaging in economic activities results in an increase in people's incomes. The community does not rely on subsistence agriculture for survival, but it can engage in other commercial ventures. Employed people and traders improve their standards of living through their incomes. If a significant section of society is employed or in business, the community achieves economic progress.