The Economy - Learn How It Affects Your Business Bottomline

Course details

When you are in business, changes in the economy are bound to affect the way you operate. When the economy grows, or enters into a recession, either of these situations can affect your profits. Also, it would be good to know how high rates of inflation and unemployment can also impact your business operations. This course is designed to provide entrepreneurs and potential entrepreneurs with useful information on the various ways in which the economy affects businesses. Specifically, you will get a good understanding how economic growth, economic recession, inflation and unemployment can affect your business bottom line. These areas are very critical aspects of the study of economics and they affect businesses around the world every day. Additionally, given their relevance to business profitability, financial management and cost control, it is important to know how these areas can impact your business regardless of whether you live in a first world or a third world country. Hopefully you will come to appreciate that economics contains critical conceptual material necessary for an intelligent understanding of business life. Updated on 30 December, 2017