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.
Market trends are any significant changes to your market. If you identify the market trends early enough then it is easier to plan for changes. So you can grow your business successfully. Knowing what market trends affect your market also allows you to take advantage of positive changes. And guard against negative ones. The key with working with trend data is to know which ones are important and to keep and eye on them. That way there are no surprises and saves you from reacting when it is too late.