Think like an economist. Let’s explore what happens when things change. If you were Ratna, what would you do in the following situations? Discuss with your classmates.
I. You receive a small loan to invest in better technology for your restaurant.
1. Will this increase the production or improve quality?
2. Will it help you reach more customers?
II. Suppose another restaurant opens in the neighbourhood.
1. How will you attract and keep your customers?
2. Will you improve your service, reduce prices, or offer something new?
III. What government laws or rules should be changed to improve the ease of doing business?