The Economy And Its Effect On Business Activities

There are two activities in the economy which affect business activities; Growth and recession are the main areas which affect a business organisation and its activities. An example is India. The economy in India has recently started to improve it is a growing economy , that is why William kings are considering building a site in India selling car parts and steel. India is slowly getting wealthier and gradually becoming better and it is new, there is so much benefits if a business is started in a new economy that is why it would be good influence towards William kings business. Mainly because in India the economy is the tenth-largest in the world which will make great for the business because there will be customers and the employee rate will be less costly comparing to the on in the UK. For example employees in India will be paid fewer amounts than employees in England because of the economy. Furthermore in India there are a lot distance form people’s houses and their work places. This is an advantage to William kings because it means if they India has one the largest road network it covers over 4.3 million kilometres that is why most people in India travel by motor bicycles and cars which consume less fuel. This would be good for William kings because it is a company that sells steel and cars require parts for them to function, this will allow the business to be a great success however other appliances made from steel might not be successful to sell in India becauseShow MoreRelatedImpacts of the Mafia735 Words   |  3 Pagescities all around the world. Most of the effects of the Mafia are negative, but there can be several positive effects on the culture and economy of the cities in which it frequents. 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