How are you, as an individual, affected by global economy

Question

Social Studies

Bronson Peck

29 April, 08:57

How are you, as an individual, affected by global economy

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Chad Warner · Answer 1

For example your personal wage could be affected by the global economy.

If the global economy is in a good condition, the employer might be more likely to be generous with wages, and if it's in a bad condition, the employer might be more careful and might be trying to save on their worker's wages.

Another way is the availability of goods: during good times for the economy, the inter-country trade flourishes and more foreign goods are available.