Sample Essay – Poor economy
Very limited kinds of businesses can thrive in a poor economy. They include financial advice firms and credit insurers, among others. Despite the poor economy, existing businesses can thrive on wise management decisions. The poor economy caused many businesses to close down, while others merged to overcome the challenges brought about by the economic crunch. The main cause of the closure of the business is the inability to repay the credits.
More so, in a poor economy, consumers mostly purchase basic goods while doing away with luxuries. This means any business dealing with luxury products is likely to be affected adversely, while the businesses dealing with necessities are likely to be favored in a poor economy. JPMorgan Chase is among the businesses that have been adversely affected by poor economic decisions.
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