Long-term strategy and competitiveness of firm
Question:
Describe how the economic indicators, inflation, employment levels and interest rates, affect the long-term strategy and competitiveness of your firm/business and industry.
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What is the difference between real GDP and nominal GDP? Does GDP accurately reflect our nation's productivity? Explain your answer.
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Describe how the economic indicators, inflation, employment levels and interest rates, affect the long-term strategy and competitiveness of your firm/business
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Explain how the circular flow diagram illustrates the interaction of households, government, and business.
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