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- Find a product that you normally buy. Calculate the inflation adjusted price it should be now based on the original price for 1995 and see what the current price is compared to the calculated price. Has inflation affected the current price or have some other factors affected the price more? How does the affect the economy?how many days in a yearWhat happens to the weight attached to food over time in most countries?
- You have money saved in your pocket or allowance every day. Do you think you will be more able to buy when your savings increase or not?Discuss factors that affect your consumers’ purchasing power and spending patterns. What is the economic environment that you are operating in? Is it a growth, recovery or recession? Will it be easy to find staff? What is the current interest rate i.e. is it increasing or decreasing? What is consumer confidence like? nail salon is the companyWhat is home economic