Business and the Economy
The United States is the largest economy in the world. In 2019, the Bureau of Economic Analysis reported that real gross domestic product—the value of all final U.S. goods and services produced—topped $20 trillion. The only country that comes close to this figure is the People’s Republic of China, with a $14-trillion economy.
Every aspect of business is impacted by the economy in which we operate.
Thus it is valuable to understand the size and scope of the domestic economy and how economic factors might impact your business.
Thus it is valuable to understand the size and scope of the domestic economy and how economic factors might impact your business.
Below we will explore two key concepts to help you consider ...
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