âIn the end, however, it's up to me to decide if I will be a willing pupil at any given time, to decide if I have little enough belief in my own feelings to subjugate them to the ways of another.â âBut on many issues they have been just as ready to subjugate human rights to their political interests.â
Entrepreneurship tends to focus on identifying and fulfilling consumer needs in specific niche markets, but all businesses can be affected by large-scale economic trends. Accounting for trends in the overall economy can help business managers make better decisions. Economic factors that commonly affect businesses include consumer confidence, employment, interest rates and inflation.
Describe the business economic environment. Cite some of the microeconomic and macroeconomic factors affecting the economic business environment. Discuss the positive and negative effects unemployment can have on a business. Give details about the law of supply and demand and the way in which it affects businesses.