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Why is business so important to a country's economy?Volcanoes can change the economy positively or negatively.The positive way is that a cone volcano.
The business environment can change for many reasons. A natural disaster can disrupt supply and demand. The economy and lifestyle can also change. The introduction of new technology or new competition can also have a distinct impact on the business environment.
increasing taxes on business and individuals
Nominal GDP does not tell much, but real GDP tells a lot. If the real GDP has fallen from one year to another, it means that the economy is in depression. If it grows, it shows that the economy is booming. If there is no change, the economy is stagnant (i.e. it did not grow).
While investing in emerging economies can bring major change in the business. Markets are attractive for higher growth, but at the same time more riskier because of political and economic structure and investor can face the sever swing in the market. Ultimate objective could be wealth generation, so the welfare of the citizen may not be the first concern of the business. Government do not influence the investors for setting up the price of products and services they are offering. So no control on the price limitations. business sets the prices according to the cost and expenses generated to produce the product. one major disadvantage of the emerging economy is inequality of wealth, so in this context consumer products are not affordable for every individual in the economy.
Why is business so important to a country's economy?Volcanoes can change the economy positively or negatively.The positive way is that a cone volcano.
Cyclical, frictional, structural and classical.
his influence helped reshape the South Korean economy from one dominated by government projects and requirements to a civilian-controlled economy
The business environment can change for many reasons. A natural disaster can disrupt supply and demand. The economy and lifestyle can also change. The introduction of new technology or new competition can also have a distinct impact on the business environment.
Influence is the ability to bring about change and produce results; people derive influence from interpersonal power and authority. Interpersonal power allows organization members to exert influence over others.
Business in the 1920's in the US saw a huge change that resulted into a bust of its economy. There were inventions and productions that increased the general income of the residents.
The two separate words are :AFFECT (verb) - to influence or alterEFFECT (noun, verb) - a result, consequence, or change ; to bring aboutThe verb effect means to bring about, as to effect a change. It should not be used instead of affect, which is to influence, as to affect the economy.
A political factor is an activity having to do with government policy and its administration that has the potential to change or influence a business. -BrainQuiz
increasing taxes on business and individuals
Force is an influence that produces a change in an object.
using the money invested by the government, low income people will raise their standard of living by spending all new income causing then a change in aggregate demand. This change will cause business to hire new people to fulfill the demand for their products, that means, new jobs, more income and ultimately reach full employment.
Economy needed to change.