Economic Uncertainty
Unpredictability in economic conditions; difficulty forecasting.
Real World
During the Brexit uncertainty of 2016–2019, many multinational firms including Nissan and Airbus publicly delayed or cancelled UK investment decisions, citing inability to plan supply chains reliably.
Exam Focus
For 'evaluate' questions on uncertainty, discuss both short-term caution (reduced investment) and potential longer-term strategic responses like diversification.
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