Factors Affecting Business Activity

Front

How do political factors affect business activity in Wales, the rest of the UK and the world?

Back

Political factors can influence regulations, government stability, and economic policies that affect business operations.

Front

What is the role of the government in providing a stable framework for businesses?

Back

The government establishes laws and regulations that create a predictable environment for businesses to operate.

Front

How are businesses affected by taxation and subsidies?

Back

Taxation can increase costs for businesses, while subsidies can provide financial support and encourage growth.

Front

How do fiscal and monetary policies affect businesses?

Back

Fiscal policies influence government spending and taxation, while monetary policies affect interest rates and money supply, impacting business operations.

Front

Why do governments legislate and regulate business activity?

Back

Governments legislate to protect consumers, ensure fair competition, and promote economic stability.

Front

What is the importance of the government as a purchaser of goods and services?

Back

The government can stimulate the economy by purchasing goods and services, providing contracts to businesses.

Front

How do economic factors affect business activity in Wales, the rest of the UK and the world?

Back

Economic factors such as growth, inflation, and unemployment can influence consumer spending and business investment.

Front

What is meant by economic growth and the business cycle?

Back

Economic growth refers to an increase in GDP, while the business cycle describes the fluctuations in economic activity over time.

Front

What is inflation and how is it measured?

Back

Inflation is the rate at which the general level of prices for goods and services rises, measured by indices like the Consumer Price Index (CPI).

Front

What are interest rates?

Back

Interest rates are the cost of borrowing money, expressed as a percentage of the loan amount.