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image Economic Force - Coggle Diagram
Economic Force
Economic Growth Rate
GNP
total value of products
GDP
value of goods with in the geographic boundires
Tax Rate
Increase
cost operating business increase
Reduce Consumtion Rate
Decrease
cost operating business decrease
Increase in Consumtion Rate
Inflation
price of goods and services increase
Reduce purchasing
Loss in the business
low growth rate than the inflation
Interest Ratio
Economic Increase Interest Rates for loans and Investments
Preasure on Business
losses chance to sell more
Consumers
less spending and less consumption on luxury items
Interest Rates drops for loan and finance
Business Selling percentage increase
Increase in consumption Rate
Demand and Supply
Measurement of product available
Both control Market price
Measurement of consumers Demand
badworking condition effecting production and economy
resulting bad CSR
Raising issues of workers
Unemployement
Reduce operation cost
companay have a choice to chose lower wage for people desperate of jobs
higher the employement rate more supply of workers