ESC1601

University of Johannesburg (UJ)

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ESC1601 assignment 5 2023
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5

October 2023

2023/2024

A+
Available in bundle
Question 3 (Word count = 200 ) Economic effects Inflation Rising fuel and transport costs cause inflationary pressure. Higher costs are passed on to consumers in the form of higher prices for goods and services. Consumer spending Higher transport and fuel costs reduce consumers' disposable income, potentially leading to lower spending and dampening economic growth. Production costs Increased fuel prices raise production costs for businesses that rely on transportation, which may result i...
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