The most important business equation is the formula for profit. It is because a business must satisfy needs and wants of customers profitably to be successful.
Posts tagged as “goods and services”
We already know from the previous articles introducing inflation that the ideal rate of inflation in a country is to rise by 2% per annum.
Inflation changes the value of money over time – it lowers it. One of the government’s economic objectives is to keep inflation low and stable.