What circumstances led to Rama Rao's business going out of existence?
Understand the Problem
The text discusses the circumstances surrounding Rama Rao's business and the struggles he faced after it went out of existence, highlighting the impact of external factors like trade, commerce, and politics on his life.
Answer
Economic shifts led to the collapse of Rama Rao's business.
Rama Rao's business went out of existence due to a series of unfortunate events in the world of trade, commerce, banking, and politics, leading to the collapse of the gramophone company he worked for.
Answer for screen readers
Rama Rao's business went out of existence due to a series of unfortunate events in the world of trade, commerce, banking, and politics, leading to the collapse of the gramophone company he worked for.
More Information
Rama Rao invested his inherited money into the business as security, ensuring a stable income for five years until an unforeseen economic downturn affected his fortunes.
Tips
A common mistake is not recognizing the impact of external economic factors on businesses.
Sources
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