Hi! So I need help on this one questions. It's a write-in, so I just need to know some facts about the question and I'll be on my merry way. Thank you!
Would you prefer to own a business in the German economy or British economy? Why?
https://www.google.com/search?source=hp&ei=1zoJXezANcfJ_wT2_ojYDQ&q=own+business+German+economy&oq=own+business+German+economy&gs_l=psy-ab.3..33i22i29i30.1852.22603..24043...9.0..0.216.5412.0j33j3......0....1..gws-wiz.....0..0j0i131j0i10j0i22i30j0i22i10i30j33i160.nod1kyQGdgU
https://www.google.com/search?source=hp&ei=IDsJXY2dHqOBk-4P1PSKgA0&q=own+business+Great+Britain+economy&oq=own+business+Great+Britain+economy&gs_l=psy-ab.3...3120.20002..20535...4.0..0.206.5145.0j35j1......0....1..gws-wiz.....0..0j0i131j0i10j0i22i30j0i22i10i30j0i8i13i30j33i299j33i160j33i22i29i30.iLGNh6LgNLE
Thank you, Ms. Sue! That helped. :)
You're welcome.
Thanks so much!
To gather information about whether it is preferable to own a business in the German or British economy, you can consider the following factors:
1. Economic Stability: Look at the overall economic stability of Germany and the United Kingdom. Factors to consider include GDP growth, unemployment rates, inflation, and government support for businesses.
2. Market Size: Analyze the market size and potential customer base in each country. Determine which country offers a larger market and more opportunities for growth.
3. Ease of Doing Business: Investigate the ease of starting and operating a business in both Germany and the UK. Consider factors such as bureaucracy, legal procedures, tax regulations, and labor laws.
4. Business Environment: Assess the competitiveness of each economy and the presence of supporting industries, infrastructure, and technological advancements that can benefit your business.
5. Labour Market: Examine the availability and quality of the labor force, including skilled workers, language capabilities, and labor costs, as this can affect your business's success.
6. Access to Markets: Consider the countries' trade agreements, export incentives, and access to international markets. Determine which country provides better access to global markets or specific industries that align with your business.
7. Industry-specific Factors: Analyze whether specific industries or sectors that align with your business are stronger in Germany or the UK. Research the growth potential, competition, and government support within these industries.
To gather specific facts and data on these factors, you can refer to official government websites, international organizations such as the World Bank and IMF, industry reports, and reputable business publications. By comparing and evaluating these factors, you can make a more informed decision based on your business requirements and goals.