increase in economic hardship its effect on business funding

[Adisalman]

Arising from these economic trend, there had been downturn in economic activities, particularly on local production, Unabated increase in employment hugh interest rate induced by rising food prices and inability of government to meer her obligations on the entire citizens, Many sub national economies in nations of the world. It is important to provide insights on government overall framework towards building a resilence econnomy that will be able to face both local and international volatility.

It is also important to highlight the government road map towards economic recovery and prosperity. Thr rate at which we do things in some part of the world is tending towards economic hardship therefore there is need for the government to brace up to their responsibilities.

 

[King bell]

Business funding can be significantly affected by an increase in financial hardships. Lenders and investors may be cautious about giving out loans, lines of credit or investment capital during economic downturns. There are fewer earnings through which businesses can get cash flow into their companies because their customers don’t have the power to buy what they need. Consequently, it becomes hard for most business organizations to fulfill their responsibilities in terms of finance thereby making it very difficult to source finances. Therefore, companies must find ways of adopting other forms of financing such as government grants, crowdfunding or reliance on business support organizations. Besides that, firms should control spending prudently and reduce costs while also developing robust financial strategies for surviving tough times economically.