How does the global economy impact a business you know about

Solution

Global economy has a huge impact on any large business whether it is domestic or international . Let us consider an example to understand this . In 2008 , gas price in US hit an exhorbitantly high level . The foremost effect was that airlines all over the world raised prices . If the price of such an input like gas or oil rises in a large economy like US , it is ought to have some rippling effect on the rest of the world economy . The cost of input rises for countries that import gas from US , so airlines have to rise prices .