Question

Mention two Economic Risks.

Answer 1

Answer

There are many types of economic risk that businesses need to identify and manage to best defend against global supply chain risks.Interest rates. As with any loan, increasing interest rates can lead to reduced profits. ...Minimum Wage. ...Market Prices. ...Taxes. ...Duty Rates. ...The Cost of Materials.

Answer 2

Answer:

Other common types of economic risk to be aware of include exchange rates, hyperinflation and general government regulations that can affect investments.

Other common types of economic risk to be aware of include exchange rates, hyperinflation and general government regulations that can affect investments.Common Types of Economic Risk:

Interest rates

Interest ratesMinimum Wage

Interest ratesMinimum WageMarket Prices

Interest ratesMinimum WageMarket PricesTaxes

Interest ratesMinimum WageMarket PricesTaxesDuty Rates

Interest ratesMinimum WageMarket PricesTaxesDuty RatesThe Cost of Materials

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