Sunday, January 10, 2010

Economic Environment


As we all know that economic environment affects a business profoundly. If there is a recession in the economy, the demand for luxury goods falls. However, if the economy is going through a boom, the demand for durable and luxury goods is quite strong. 2009 proved to be an extremely tough year for the global economy. It was the most severe depression for Britain after the Great Depression. However, it is being said that 2010 will be a good year for Britain's economy. Now is the opportunity for the businesses of Britain to decide their course for the future. As Britain's economy will improve in 2010, demand for durable goods may also increase. Thus, economic environment is an extremely important factor in every business' macro environment. Check out this article about Britain's economy in 2010 and do give feedback.


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