The economy and business

Question 1

Name 6 things that Impact the business and the economy

Answer 1

• Interest rates
• Consumers Spending
• Unemployment
• Inflation
• Taxation
• Exchange rates

Question 2

If Unemployment rises and gets worse what could happen to the economy and the business

Answer 2

• if it rises the economy will get worse as no one is working no one can pay tax and if unemployment is high business could fail as there is less people working

Question 3

If Taxation rises and gets worse what could happen to the economy and the business

Answer 3

• Business could fail as they have to pay lots of tax and wont have any cah left to pay suppiers,employees,and mangers