answersLogoWhite

0

When a major business closes or moves out of an area, it often leads to significant economic decline, resulting in job losses and reduced income for local residents. This can trigger a ripple effect, causing smaller businesses to suffer from decreased customer traffic and ultimately leading to further closures. Additionally, the community may experience a decline in property values and a reduction in public services due to lower tax revenues. Overall, the departure of a major business can destabilize the local economy and diminish the quality of life for residents.

User Avatar

AnswerBot

15h ago

What else can I help you with?

Related Questions

What is likely to happen when a major business closes or moves out of an area?

When a major business closes or relocates, it often leads to significant economic repercussions for the local community, including job losses and reduced consumer spending. This can result in a decline in property values and increased vacancies in commercial real estate. Additionally, the local economy may experience diminished tax revenues, affecting public services and infrastructure. Overall, the closure can create a ripple effect, impacting small businesses and the overall community vitality.


What major citie is closes to sangay?

The city closes to sangay is


Major international corporation that symbolized the early computer?

IBM (international business machines) would likely be one of the first major players when it comes to computers on an international business scale.


Does a broken ankle effect your running once healed?

it depends if its a minor major or jest frakture but most likely it will for about 6 monthes


What is the negative effect of piracy on artists and businesses?

You get their products for free instead of buying it from them and that is a major loss on their behalf. they got into this business to make money.


What do you have to major in to be an agriculture consultant?

Agribusiness would likely be the best major to be an ag consultant, because you're being a consultant to producers about primarily the business part of farming or ranching, not how they should farm.


Is sweating a major side effect from ultram?

Is sweating a major side effect from ultram?


Can you major in business at the University of Rochester?

As of Spring 2011, there is an undergraduate business major at UR.


Why management is a popular major for business student?

why management is popular major for business students


Why payroll system is important?

A smooth running payroll system is integral for any good business. Having an effective payroll has a major effect on the morale of the company.


Why did you choose this major?

Many people choose a major in business and industry so that they can own their own business. Many others choose a major in business so that they can be understand the economics and finance that goes into a business.


What do you major in to be an business owner?

Business Administration, Economics, and Finance are some of the few that are the best to major in.