What is the impact of nonprofits on the economy?
Nonprofits play a crucial role in the economy by providing services, creating jobs, and stimulating local economies.
Can you give examples of how they create jobs?
Sure! Nonprofits employ millions of people in various sectors, including education, healthcare, and social services.
Do they contribute to tax revenue?
Yes, while nonprofits are tax-exempt, they still contribute to the economy through employment and purchasing goods and services.
What about their social impact?
Nonprofits also address social issues, improve community well-being, and promote civic engagement, which indirectly boosts the economy.
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