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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1234 |
Essay's paper body
And macroeconomic factors, such as fuel costs, airline bankruptcies and terrorism affect the daily life of professionals in this space. According to Fedland and Morris, certainly poor macroeconomic conditions can cause the failure of the marginal firm even if the underlying cause may be poor management or insufficient capital (Fredland and Morris,1976)...
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In studies that have specifically looked at the macroeconomic impact on business closures, the results are not always clear. According to Cressy he finds it surprising that macroeconomic fluctuations have so little impact on small business failures although he does find that extraordinary changes in the
Macro-economy does have some impact...
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General points of the essay
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