Question

Describe any national / global event (last 6 months) that you think is going to have a long term impact on the world of business"

Answer 1

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Other economic changes that affect business include changes in the interest rate, wage rates, and the rate of inflation (i.e. general level of increase in prices). Businesses will be more encouraged to expand and take risks when economic conditions are right, e.g. low interest rates and rising demand.