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Summarizes the key points of the article.
Describes how the article relates to a specific topic (or topics) from the class
we talked about how the good economy can affect Haring new people to the organization and how the bad economy can affect the organization
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Running head: EFFECT OF THE ECONOMY ON BUSINESSES
Effect of the Economy on Businesses
Student’s Name
Institutional Affiliation
Date
1
EFFECT OF THE ECONOMY ON BUSINESSES
2
Effect of the Economy on Businesses
A good economy is a good thing for businesses. Especially for the unemployed in
society. The reason for this is a ripple effect that has been noticed and observed over the
years. For starters, a recent study shows that job openings have fallen by approximately 11
percent over the last year. The excellent economy spells good tidings for the people. Lack of
or reduction in the number of job openings means a lot of people are being hired;
approximately 7 million job openings have been filled. For small businesses, when the
economy is good, it means there will be a demand for small companies. Since the economy is
in the right place, there is enough cash flow through these small businesses to provide
outstanding profits. Also, since there is a high demand, there is an increase in the amount of
work that has to be done, and this, in most cases, prompts the business to hire more people to
help with the increased number of customers. That can explain why the number of
unemployed people has been reducing.
The retail market also expands when more businesses thrive, which gives the same
effect as the first business, causing more job openings in soc...