Question

Respond to the following questions about the economic environment (in Florida, USA) in essay format.

• How stable is the current economy? Is it growing, stagnating, or declining?
• Are key exchange rates stable, or do they tend to vary significantly?
• Are customers' levels of disposable income rising or falling? How is this likely to change in the next few years?
• What is the unemployment rate? Will it be easy to build a skilled workforce? Or will it be expensive to hire skilled labor?
• Do consumers and businesses have easy access to credit? If not, how will this affect your organization?
• How is globalization affecting the economic environment?
• Are there any other economic factors that you should consider?

Answer 1

Florida is the one of the biggest economies .Florida's economy will grow in 2020 but the state will experience pains from lack of housing and a weak transportation network.

Per capita income is important to quality of life,ability to make purchase acpacity to generate savings and invest in new venture and over all economic stability.it is largely comprised of net earning.

It also predicted that florida's unemployement rate would drop to 3% this year with the strongest job growth comming from professional and business services,construction and hospitality.

Globalisation has also meant new waves of foreign immigrants to florida.while immigration has stimulated florida's economy by incresing demand for goods and services and added to the richneness of the states multicultural tapestry.