Answer to Question #257448 in Macroeconomics for Sana

Question

Consider small and medium businesses of any sector of pakistan to see how devaluation of currency has affect these businesses . You can give any examples of businesses too to explain your point. Real life examples must be used

Answer 1

Devaluation of currency makes imports expensive . The medium and small business will perish due to depreciation of currency.Retail trade.Retail will then be affected.