THE EFFECTS OF WARS ON BUSINESSES IN THE WORLD: CLUB100.
Accept the warmest greetings from @gerakam and welcome to this post of creative writing on the topic: THE EFFECTS OF WARS ON BUSINESSES IN THE WORLD.
Research has shown that most countries in the world with conflict crisis suffer a lot when it comes to businesses and its success. A lot businesses are short down during wars since lives are at risk. People find it difficult to either buy or sell during this periods.
Most businesses rely on borrowed capital or from loans obtained in banks. These loans comes with interests and when businesses are not striving due to wars, entrepreneurs find it very difficult to survive given that at the end of the month or year, they would have to repay their business loans with interest.
In most cases since banks know the risks involved in businesses, they make sure collateral securities are issued before they grant laons. This is to use it in recovering their money whenever businesses fail to repay their laons.
Entrepreneurs have lost their properties that were used as collateral securities when taking laons simply because they couldn't refund their loans. Most businesses have gone down into flames as a result of wars. Businessmen and women have not only lost their businesses due to war but equally their own very lives.
I have come to realize that the only business that strives during a war crisis is the buying and selling of arms. Countries producing these arms do well in their sells during wars.
There are a lot disadvantages of wars in the economy but today we're focusing on its effects on businesses. This has let to a drastic drop in world economy. A good case study is what's happening in Ukraine now. Their businesses are ruined and that of Russia.
Thanks for reading and see you next time on articles with regards to business. Bye
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War is definitely never the solution to resolve conflict. It just keeps deepening the wounds and creating more hatred. War destroys the livelihood and economy of both parties. We pray for resolutions for any nation facing war.
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