Gold Coast Economic Factors

358 Words2 Pages
Economic factors relate to changes such as costs and prices of goods, interest rates, wage rates, exchange rates and the rate of inflation. All of these factors have effect of businesses so they can generate the profits these factors need close monitoring by an employ. Since the Gold Coast has to prepare for 2018 Commonwealth Games, The city of the Gold Coast is undergoing some major and exciting periods of transformation. These transformations are approximately costing the Gold Coast Council around $13 billion for the transformations that are planned or underway currently. The Gold Coast has a population of around about 750,000 people. Our city enjoys a five-year average annual growth rate of 2.3 per cent, has access to an economic catchment