Post
Topic
Board Economics
Re: Step up your game before the game steps you down.
by
Cookdata
on 29/02/2024, 17:56:02 UTC
If only we know how bad the economy is degrading globally, we would want to push ourselves to our limit and focus on that our skill or business. Taking it up to the next level. Some persons are still skeptical about the business they own, while some are waiting for the opportunities, they were promised to them by friends or relative and others are comfortable because they have rich people around them that if they place a call, they will answer them.

As the economy is getting worst it is difficult for a responsible adult to go to bed without planning on how to grow his business or how to attract new customers, not just new though but potential customers and business partners that will have big influence in his business. Time waits for no man. Yes, the life is filled with ups and down, but we won't stop trying so that we can have that impact on the existence of man just like how other nerds have done.

There is global food inflation around the globe but inflation are minimal in some places, look at Argentina for instance, how they are struggling to revive their economy from one of the worst moment of inflation, it's not like the suffering from economic break down of countries is everwhere and the effect can't be the same, it's different from one country to another, you don't expect a country with 3% inflation rate with another country that has about 29% inflation rate.

Let's even assume that the inflation rate is global and things are bad, don't you think businesses will not survive. You can't enjoy doing business with high inflation because people have money but can't buy enough and there is going to be low demand even if their is excess supply. These is the time the centra banks raises interest rate to discouraged borrowing, which means that business will be discourage to borrow money to finance their businesses and hence they are force to liquidate. Business is not as easy as you think from a real perspective.