The impact of economy on businesses

[Starmix]

The economy affects businesses and the impact could be severe or extreme which may lead the business owners to stop operating. But they must not blame the economy that may be rooted in inflation. There are also other concerns affected by the economy such as unemployment, exchange rates, inflation, wages, and supply and demand, which typically impact how businesses make a profit and increase their efficiency. Their efforts may be put on hold while waiting for the economy to rise so that they can improve their performance, profit more, and save employees from retrenchments.

 

[nomad]

the market has a tremendous influence on a business, if the market is favorable, your business will excel, if the market is unfavorable, it is less likely that the business will succeed. The market determines how the economy will be.

 

[eldavis]

The economy plays a huge role when it comes to running a business, the state of the economy would determine the cost of starting the business and as well as the cost of production and sales.

 

[Stardom22]

I think the success of most businesses in my country for instance, depends on the economy of the country. When the the economy of the country sinks, business tend to do badly which leads to closure of businesses.

 

[olaniyi]

The country economy always play a very good role to develop a because if one spend too much to develop a business it wont be easy for such business to bring profit

 

[Starmix]

If the economy sinks, the business owner may declare retrenchment and those affected can bring home a separation pay good to start a small business. They can also find anther job or prefer to work online or do business online.

 

[olaniyi]

Economy of a country which you set up a business do play a vital role in the in whether the business will be successful or not some country are know of steady inflation which will affect business

 

[Starmix]

The world's economy seems sinking because of the elevated rate of inflation starting this year. people are worried. They do not know how to survive. All types of prices are affected. We need to double or time, if possible let us not sleep.LOL

 

[aovurevu]

The economy affects businesses and the impact could be severe or extreme which may lead the business owners to stop operating. But they must not blame the economy that may be rooted in inflation. There are also other concerns affected by the economy such as unemployment, exchange rates, inflation, wages, and supply and demand, which typically impact how businesses make a profit and increase their efficiency. Their efforts may be put on hold while waiting for the economy to rise so that they can improve their performance, profit more, and save employees from retrenchments.

Economy and government policies affect business a lot , sometimes it could be due to inflation and thus leading to rising cost in term of production and this may also lead to reduced sales if it is a product with close substitute.

 

[eldavis]

I think the success of most businesses in my country for instance, depends on the economy of the country. When the the economy of the country sinks, business tend to do badly which leads to closure of businesses.

Very true, if the economy is extremely bad it means your potential customers might not have enough purchasing power, then there is also the fact that you must have spent double in starting up the business. It would hard to gain back your startup capital.

 

[Starmix]

Economy and government policies affect business a lot , sometimes it could be due to inflation and thus leading to rising cost in term of production and this may also lead to reduced sales if it is a product with close substitute.

That is right, the inflaton rate gives problems to our government and its populace. it seems the inflation rate is extended this time. The prices of the commodities are hard to define, so high.

 

[King Belieal]

Every business operates in a particular economy. And the conditions of that economy affects the outlook and performance of the business.

 

[Starmix]

Economic crises is a worldwide problem. It's hard to solve by the world leaders especially this time war almost to escalate.