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Economical influences (Interest rates (Effects of a rise in interest rates…
Economical influences
Interest rates
Reward for saving
Cost for borrowing
BOE sets interest rates
Effects of a rise in interest rates
Disposable income rises
Business investment is boosted
cheaper currency
increase export
Business Cycle
Stages of the Cycle
Recovery
Start to improve sales and profits
Boom
High Consumer spending
High disposable income
High profits and low unemployment
Price increase
Slump
Not much sales
Very low profits
Recession
See a fall in consumer spending
lower profits
