The demonetization policy announced on 8th November 2016 was an unexpected decision taken by the Indian government. The policy has been criticized as well as appreciated, but its impact on businesses has been a bigger concern. The policy affected the purchasing power of major population of the country, which led to decline in demand for products. Many industries were unaffected and maintained steady growth, while some industries suffered the wave of demonetization. Which characteristic of business is being exemplified in the above case? Explain
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