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What most businesses usually does whenever there's increase in the cost of production is to increase the price of the product. The increment in price will help them to continue producing many products to maintain their level of profit.There are so many reasons to these though. There are times where the cost of production would be so high that company has to reduce their production, hence leading to low income.
In normal circumstances when the prices of oil is increased its likely to affect the hiking up of almost all the item prices. This would however rise the cost of the business operations.As far as the business cycle is concerned, income cannot be stable as it is subject to lot of factors beyond its control. Take for instance, they just suddenly hiked the price of fuel in my country and this has a multiplier effect on the income of all businesses.
Inflation is one of the biggest problem that is facing any country's economy and businesses as well because everything will always keep getting expensive more than the way they used to.Continuous inflation would make your income from your business to be inconsistent. That's because the price of inputs would keep on changing and it would be affecting your income as they keep on rising.