3.2.3 The Economic Climate on Business
You should be able to:
Economic theory relating to how/why interest rates change is not required.
- demonstrate and understand how businesses might be affected by changes in the rate of interest.
- identify how and why businesses might be affected by changes in levels of employment.
- discuss how demand for products and services may change as incomes fluctuate.
Economic theory relating to how/why interest rates change is not required.
- Interest rates:
- how fluctuating interest rates can affect businesses that rely on overdrafts and loans for finance
- how fluctuating interest rates can affect consumer and business spending.
- Level of employment
- Consumer spending
Interest Rates - BBC Interest Rates - Overdraft and loan figures - Changing Interest Rates - Property Prices - Choose a mortgage - Average salary - Unemployment graph
How interest rates impact on businesses and consumers
Aldi - Inside Rolls Royce - Range of Ford cars
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