Year: 2024
Type: article
Abstract: Inflation is when the prices of goods and services increase over time. This impacts everyone, but small businesses face special challenges. They must deal with higher costs, changes in customer behavior, and difficulties keeping profits steady. This article explains how inflation affects small businesses in simple words and offers easy solutions, like saving money, using technology, and building customer loyalty.
Author: Mavlonov Sobir
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4406865561