Al Marai Company want to assess the current economic condition after the decision of VAT in Sultanate of Oman. Based on your subject knowledge, can you suggest which of the following options affect business decision making in a microeconomic environment? a. None of the options b

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Economic Trends

An economic trend is the long-term direction of an economy. The trend can go up, down, or sideways. An upward trend means the economy is growing and wages are rising. A downward trend means the economy is shrinking and unemployment is increasing. A sideways trend means the economy is neither growing nor shrinking.