Essay: Economic Environment
The company will find it hard to settle down in Guyana, this is because there will be high costs of setting up. Such costs are realized from the poor economic growth, which has led to poverty, and higher inflation.
Secondly the nation is highly dependent on agriculture such that there is poor economic development and structures. This is also seen due to the effects the nation has to go through following the extension of the private sector’s credit and higher tax prices. The company will also find it hard to set up in the Guyana because there are very high levels of corruption due to the high taxation rates.
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