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NAME: Lashana Ricketts FORM: 10LE TEACHER: Mrs. Barton ECONOMIC CONDITIONS 1) Why do UK businesses need a stable economy? The economy is a delicate balance. The factors that are depending on a stable economy are: * The level of inflation- i.e. the level of price rises each year * The level of interest rate- how much it cost to borrow money * The strength of the £- which affects the exchange rate- the cost of trading with overseas countries. The UK businesses need a stable economy because if the economy were not stable, businesses would loose out. E.G. if interest rates were high businesses would not be able to borrow money for them to develop their businesses. So a stable economy ensures that businesses in the UK will be able to expand their companies. 2) Explain the current interest rate? Why is a high interest rate bad for your businesses? The interest rate is measured as a percentage and...

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