Economic Factors Driving Rising US Healthcare Costs

Economic Factors Influencing High And Growing Healthcare...
Economic Factors influencing high and growing healthcare costs in the US
The cost of health care in the United States continues to rise. National healthcare expenditures totaled over $2.9 trillion in 2013, equating to $9,255 per
capita (Centers for Disease Control and Prevention [CDC], 2015). This is a consequence of both private and government healthcare financing
mechanisms including: high unit prices, market power, specialized medicine, medical malpractice, private health insurance costs, ill populations, not
utilizing best practices, and a medical model versus population health focus (Kutter, 2008; Rice & Unruh, 2016; Sultz & Young, 2014).
There are variations across the country on the delivery and successful outcome of health care services not attributed to patients' health or preferences
(Rice & Unruh, 2016). Gawande examined Medicare data in two largely rural cities in Texas, and discovered that one city utilized far more advanced
technology and specialists visits (almost 50%), which led experts to make the assumption of "culture and money" being driving factors (as cited in Rice
& Unruh, 2016, p. 398). This identifies the lack of consistency, and highlights the need for utilizing best practices. Another study examining commercial
insurances found similar outcomes in both cities, which experts presumed it was the result of carefully managing high cost patients (Rice & Unruh,
2016). Comparative research analyzes and highlights best practices, which providers and
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What Are The Economic Factors That Affect The New England...
Economic opportunity was extremely prevalent in the colonies. Factors that heavily influenced the situation were influx of people, triangular
trade, and also the New England colonies. An influx of people is beneficial for any economy, and Colonial America was no different. Triangular
trade was also how slaves fueled the cultivation of land. The New England colonies were in all sorts of trades, from growing corn to whaling and
fishing. All of these factors played a huge role in building a successful economy. The influx of immigrants to the colonies was an overwhelming
part of economic success. People were pouring in from ships with different causes and incentives. One example is of the Puritans. They were
against the Church of England and they fled to America in 1620. Not only were they ready to go, the local government was more than happy to
see them leave. Another instance where this occurred was with the overpopulation of Europe. Document 6 mentions that the middle and low
classes were a crowded society, and America was looked upon as a place with space for everybody. Here also, people were eager to go for more space,
as well as the Europeans who were happy to send off people from crowded regions. There were also many debtors in Britain. Instead of rotting away
in prison, James Oglethorpe decides that they deserve a second chance. King George II accepts his request and the debtors settle in Georgia, happy to
lead a new life. Indentured servants were also a form of

The Consumer Revolution And Economic Factors In The...
The British colonies developed rapidly during the eighteenth–century due to the consumer revolution along with the optimism and hard work of the
colonists. The consumer revolution allowed the colonists to represent themselves in a new way through goods and most importantly, grow
economically. With hard work and optimism, the colonists not only survived, but they managed to keep up with the growing market and supply the
demands needed for their colonies to grow.
The consumer revolution was a very important contributor to the growth of the colonies in the eighteenth–century. The consumer revolution
represented the time in which British imported goods became a large demand throughout the colonies. When the population in the colonies increased, it
was believed that they would face major challenges economically, however that was not the case. As the population increased in the colonies,
surprisingly so did the spending on the demand for British goods. The per capita figure had jumped to ВЈ1.20, a rise made more impressive when set
against the population explosion. During this population boom, the colonists raised the values of their exports and imports at an extremely fast rate. By
the 1740's the markets were almost all consumer goods from Great Britain. The colonists used these goods to create an identity for themselves and
represent themselves socially. Breen explains that as the Americans participated more in the economy, they began to develop a sense of their rights as

Economic Factors Of The Cold War
"The Cold War was the most important factor that led to the economic recovery and development in Japan during 1945 and 1980." Comment on the
validity of this statement.
I suggest the statement that the Cold War was the most important factor that led to the economic recovery and development in Japan during 1945 and
1980 be invalid. While the world community ushered in an era of economic reconstruction, and where possible, resurgence, in the wake of the
devastating World War II, Japan prepared herself for the accomplishment of vigorous economy recovery. I argue that many internal and external factors
helped lead to her economic recovery and development, amongst them are political stability, government policies, national spirit, traditional ... Show
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Before the Korean War ended in 1953, the Japanese economy blossomed unhoped for. The nearest and earliest industrialized area next to the war zone,
Japan was imbued with demands for including vehicles, spare parts, clothing, commodities, and war–related equipment. Even more surprisingly, when
the US was at war, Japan gained a foothold on the Southeast–Asian lands where the US market previously dominated, which allowed japan to require
labor and promote products and expand overseas markets, increasing employment rate and facilitating economic recovery. Such urgently burgeoning
procurements are estimated to have amounted just under billion US dollars, an unexpected boost to the Japanese economy in war industry. It should be
argued that such special needs, especially from the US, provided Japan with favorable situation to continue to develop its industry. The Korean War,
therefore, preceding the Cold War influence on Japan by providing a huge momentum for economic recovery and development right from the outset.
To close my argument, in the case of Japanese economic recovery and development, given that many other factors outweighing the Cold War factor,
the Cold War factor should not be regarded as the most important. By and large, the Cold War was merely a global interaction taking a recalcitrant
shape that it offered dramatic development of related countries' postwar development, which all related countries were bound to survive the status quo
react to its future by the globe's change and

Factors of Economic Development
Factors of economic development
Economic development involves actions that are sustained and concerted by policy makers and the entire community. These actions lead to improved
standards of living as well as the economic health within a specified area either in the local, regional or global environment. Economic development can
also be termed as the qualitative and quantitative changes that occur within an economy. For economic development to take place there has to be
contributions by various factors. Some these factors can lead to economic development if they are appropriately managed (Mohr, 2012). There is a lot
of interest in macroeconomics when it comes to these factors of economic development. Macroeconomics deals with performance, behavior, structure
and the entire decision making of an economy in general as opposed to looking at individual markets. This encompasses national, regional as well as the
global economies. Through microeconomic there is the aggregation of indicators like GDP, price indexes and the rates of unemployment that enable
the understanding of the functioning of the entire economy. This paper will look at various factors of economic development and how they contribute
to economic development.
Good government
The system of government that is found within a country is a major determinant of the economic development that can take place within the country.
This is because; most of the industries in a country are under the control of the government

Economic Factors Of Food Deserts
Abstract
This paper studies the economic factors of food deserts in America. Determining aspects of food store locations, supply and demand, food pricing,
income, and consumer preferences are discussed as some of the economic causes of food deserts. Ten articles are used to support this paper with unique
standpoints on this topic. Subjects that these articles examine are consumer demand, healthful food pricing, business opportunity costs, effects of low
income, heterogeneity and homogeneity of food choices, and the effects of low income. This paper should demonstrate that food deserts result from
supply and demand, income, determinability of food market locations, and demand preferences.
Keywords: Economic theory, Demand, Supply, Consumer Preferences,Poverty and low income, heterogeneity and homogeneity food
The Economical Causations of Food Deserts
Currently in America, people are faced with the problem of food insecurity and inadequate food resources. This social issue has forced people to
succumb to food standards of low grocery store access and income instability of purchasing nutritious food. Aside from low income being a factor to
people living in food deserts, there are also several economic factors that influence where food deserts occur. In this paper, the causes of food deserts
are examined through the economic scope of determinability of supermarkets locations, supply and demand, and consumer preferences.
Defining Food Deserts
The U.S Department of

Factors Influence Malaysia Economics
FOREIGN DIRECT INVESTMENT (FDI) IN MALAYSIA
Foreign direct investment (FDI) in its classic form is defined as a company from one country making a physical investment into building a factory in
another country. It is the establishment of an enterprise by a foreigner. More specifically, foreign direct investment is a cross
–border corporate
governance mechanism through which a company obtains productive assets in another country .Its definition can be extended to include investments
made to acquire lasting interest in enterprises operating outside of the economy of the investor. Foreign Direct Investment (FDI) in Malaysia is set up
following the holding of at least 10% of the total equity in a resident company by a non–resident ... Show more content on Helpwriting.net ...
Any actions by individuals who try to incite racial tensions are dealt with strongly. Strong conflict is largely avoided although political power,
largely being held by the Malays who with other indigenous Malaysians call themselves Bumiputera, or Sons of the Soil is used to increase their
status in the Malaysian economy and other areas. Malaysia travel is safe and tourists will not feel in anyway threatened. Malaysians are generally
friendly, and when asked for directions, will obligingly point you to your destination. There is a fairly large expatriate community working and living
in Malaysia, especially centered in Penang, Kuala Lumpur and Selangor. It should be noted however that in April 2000, terrorist group Abu Sayyaff
of the Southern Philippines kidnapped 20 hostages from the island of Sipadan, off the East coast of Sabah, including a number of tourist. The
hostages were eventually released after nearly five months. Since then, security has increased on this island and the surrounding waters. While
terrorism has reared its ugly head once in Sipadan, Malaysia has been able to contain terrorism due to its diligence and swift action against any
individuals or groups involved. Airport security has increased and a few more policemen posted on certain embassies, other than that, the rest of
Malaysia maintain its peaceful lifestyle.
ECONOMIC

Organic Food : An Major Factor For The Overall Economic...
Introduction: –
Agriculture is the major factor for the overall economic growth of India. Organic food is a natural food, which is produced by the organic farming
without use of any pesticides, synthetic fertilizers Industrial waste etc.
NZ Rose apple is one of the best apple came in the varieties of apple. Rose apple has a unique rose pink color from medium to large size of variety with
crispy juicy flesh and sweet flavor. NZ Organic Rose apples is a good looking apple with a sweet juicy taste, they are large in size, firm, fine texture,
very crisp and juicy flesh. Eating NZ rose apples all year around is possible due to modern refrigeration technology to controlled atmosphere storage.
Storage involves careful control of temperature, oxygen and humidity
Executive Summary NZ Rose apple is new company, which is entering to the world of international market. I have select India as our target market
to supply NZ Rose apple, But as India is a huge country, so I have choose Chandigarh city supply this product. However my company will produce
and package its product in New Zealand only. There will few initial stages before outline our marketing proposals.
Situation Analysis : Our Company will conduct PESTEL analysis for our target market in India in Chandigarh.
Market Analysis. To examine the pros and cons factors of the company. India is a democratic country and have very stable rules. Indian economy is
stable at the moment, which means unemployment's rate is decreased

Explain the main factors that influence the rate of...
Explain the main factors that influence the rate of economic growth Economic growth will be different in M.E.D.Cs than it will be in L.E.D.Cs. The
reason for this is that M.E.D.Cs are already developed and vast improvement may not be possible but in L.E.D.Cs they have a long way to catch up
so it is easier for them to expand vastly. Economies like China and India have potential for vast economic growth because of a huge population. If
these countries got their act together then they would be the world leaders. These two countries alone account for 40% of the worlds population. Land–
Different countries possess different amounts of land, it is defined as all natural resources not just land itself. For example Saudi Arabia... Show more
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Labour– Increasing the number of workers in an economy should lead to economic growth. Increases in the labour force can result from three factors–
Changes in Demography– If more young people enter the workforce and then leave it, the size of the workforce will increase. Many countries will
experience falls in the number of young people entering the workforce over the next few years due to a fall in the birth rate in the late 70s and 80s.
Increases in participation rates– Most men who wish to work are in the labour force. However there is a considerable amount of women who could be
brought into the labour force if the employment opportunities were present. Immigration– This is an easy way of increasing the labour force. It is also
good if the company or firm wants cheap labour as well because a lot of foreigners will work for a lot cheaper than what the British workers would
work for. The workers however must be sufficiently educated to cope with the demands of the existing stock of capital, be flexible and need to be able
to contribute to change. Capital– The stock of capital needs to increase over time if economic growth is to be sustained. This means that there has to be
sustained investment in the economy. This though does not always cause high growth because some investment is not growth–related e.g. investment
in a new hospital is unlikely to create much wealth in the future.

How External Factors And The Economic Environment Affect...
All businesses, including those found in the engineering industry (e.g. 'Britannia refined metals'), need to pay attention to factors outside of the
organisation, which are beyond their control. These factors can potentially have a large impact on business – thus, enforcing the need for management
and control measures regarding such external influences.
The recognised acronym which spells P.E.S.T.L.E (political, economic, social, technological, legal and ethical/ environmental) highlights some of the
key contributing external factors which can affect a business directly or indirectly. Proactive analysis and solutions to each external factor found in the
acronym can prevent unwanted outcomes and potential 'pests' for any organisation.
(P4) Explain how external factors and the economic environment affect the way in which an engineering company operates.
Britannia refined metals (BRM) operates on a single site which manufactures/ refines metals such as lead and silver (base and precious metals) for
various different customers. The company is a wholly owned subsidiary of Glencore plc. – One of the world's largest natural resource companies with
production and trading facilities located worldwide, supplying metals, minerals, crude oil and related products. Due to the large scale of operation, the
following external influences must be considered by Glencore– as well as Britannia metals;
Political
Political factors affecting business are of a paramount importance, as aspects

Economic Factors Affecting American Manufacturing
There are many factors that have affected American manufacturing however, the four that I will be discussing are: increasing costs overseas,
decreased energy expenses, changes to the American tax code, and labor law changes. Beginning with increased costs overseas caused by there not
being enough skilled workers, as a result the cost of continuing a successful business has increased. Next, is the decreased energy expenses this has
been a result of the new fracking technology which has increased the use of solar, and wind energy. Third, is the changes to American tax code such
as there being a decrease in corporate taxes which is in place for businesses to become more profitable. The last factor that is affecting American
manufacturing is the changes in labor laws. The sudden increase in all wages across America has caused companies to leave for a cheaper workforce
elsewhere.... Show more content on Helpwriting.net ...
15). He goes on to explain that it is not possible to focus half and half in the financial aspect and the other half on manufacturing. Furthermore, the
financial aspect is only supposed to be there as a stepping stone rather than the main focus. Rather, dedicate all your time and effort to manufacturing to
insure that production is beneficial. In addition, he discussed the fact that very few operation courses are required for finance, accounting, and
economics students. I agree with this statement because as a double major I am only required to take two systems of analysis class. However, if I
would drop my finance major and only major in accounting I would not be required to take any systems of analysis courses which concerns

Socio Economic Factors And Good Health
The coherence between socio–economic factors and good health has been observed over a few decades and, that the socio –economic factors have a
massive impact on the health of the individual are not new. Today, the Government UK provides a range of health campaigns, to alert the public to live
healthier. Health promotions in schools, children centre, and community centre or in the hospital taking place. Such for example," the fit for life
campaign, "where the main focus is to eat healthy food. However, there are still barriers which have an influence on the behaviour of the individual, to
take part by health promotions. Therefore, it is important to have a look what is the background of the individual, to understand their behaviour.
1.1One impact of socio –economic influences on the health, can be the cultural tradition. For example, in some cultures is overweight, seeing as
something positive as this shows the social status in their society. Skinny people would be associated with poorness, therefore is "feeding" a common
practice by some cultures, regardless other health consequences. This behaviour is completely the opposite what health campaigns associating with
overweight in the UK. Here is to think about how can those people getting persuade to change their attitude, as overweight is associated with their
social status and cultural tradition.
Another example, according to ACS distance education (2015), "some cultures encourage and respect higher birth amounts in

Economic Factors
Topic/Question: What issues arise from immigration based on economic factors?
(Think Before Action)
This source is taken from a blog in which the author describes how Canada is a source of many fantasies to potential immigrants, and yet ends up
being their worst nightmare. The author moves on to explain how in reality, well educated and skilled immigrants end up having to work odd and
unwanted jobs. He says that by coming to Canada, skilled people would not have the ability to work to their full potential. Some examples he explains
include: lack of trust due to the fact that new immigrants do not have job experience in Canada, troubles with communication between the employer
and the immigrant, and the fact that employers need immigrants to ... Show more content on Helpwriting.net ...
They have a similar stance because they both agree on lowering the acceptance rate, and they come with slightly different reasons on why this would
benefit the economy. All three of the articles show reasons based on economic factors. The blog (Think Before Action) explained it from an individual
immigrant's point of view while the other two articles looked at the situation from a group perspective. The blog and the newspaper article agreed that
on discouraging more immigrants from coming, but on the other hand, the internet article argued that Canada is benefiting extremly from immigration
in contrast with other countries that accept less and have a struggling economy. From these points we see that they have all have shades of similarity
but at the same time are all

Economic Factors Affecting The Economy In The 1920's
By looking back at history, it is clear that the economy is an ever changing thing that is unpredictable in many ways. From the stock market crash in
the 1920's to the more recent housing market crash in the 2000's one thing is for sure; many different factors affect the United States economy every
day. In addition to man–made factors there are also other elements that cannot be controlled or even consistently predicted that impact the growth or
decline of the economy overall. For example, natural disasters such as tornadoes, hurricanes, and tsunamis not only cause immediate damage wherever
they strike, but also have long term economic affects for years to come. One of the natural disasters that left the biggest impact on the economy was
Hurricane... Show more content on Helpwriting.net ...
When the storm hit, it destroyed multiple oil refineries off of the Gulf of Mexico as well as shut down many more within the area. It was reported
that 95 percent of oil production in the Gulf shut down just one day after the hurricane hit and that the effects this had beyond the area that was hit
were just as bad (Galea, 2). For instance, the nation saw record high spikes in gas prices simply due to the short term decline in refining ability and
gasoline shortages. This shortage of gasoline and increase in gas prices had an even larger effect on the U.S. economy then was anticipated because it
took more money out of consumer's wallets, stalling or slowing the economy overall. In addition, Hurricane Katrina had such a massive effect on the
oil industry because America's main source of oil and gas is in fact the Gulf of Mexico, right where the storm hit (McQuaid and Schleifstein, 2). Thus,
had the hurricane hit an area that was less important to the nation's oil and gas resources, the economic effects would have been much less severe and
wide

The Environment : The Major Factors To The Environment And...
INTRODUCTION
The environment is essential to the organisms living within it, that is beneficial by providing food and shelter. Its quality began to be degrade as soon
as the industrial revolution began around 1700s. This threatened the existence of many plant and animal species but humans were viewing this as an
opportunity to end poverty and other related problems. This was also another way to aid with economic growth. Economic growth is the increased
production of goods over a period of time produced per head of the population. Environmental degradation is a major problem in developing countries
because the damage done to the environment is less. Developing countries are those which have poor agricultural background and are seeking to
become more economically and socially advanced, they can be characterized by low GDP, lack of industries and enterprises, dependent on agriculture
and more. This degradation contributes to factors like global warming and climate change. It is evident that economic growth does not benefit the
environment but the people only, so the environment is indeed compromised. With every seconds, a country that is developing destroys a piece of
vegetation in order to build more facilities that will elevate the country.
WHY THE ENVIRONMENT SHOULD BE SUSTAINED
There is only one world habitable for human beings which is the one we are living in at present. It is our duty to take care of it, but one of the things
that gets in the way is economic growth.

Macro Environmental Factors Of The Sanitarium Health Food...
4.3Macro–environmental Analysis The current report tends to discuss the three macro–environmental factors are relevant to the operations of the
Sanitarium Health Food Co, namely Political, Economic and Social factors. they could either be of positive value or of negative value to the
company and they should be closely monitored. Political Factor: One political factor that is bound to play a role in the regular course of operations
for the company is one that governs charity, The Charities Act under which category the parent company, The Sanitarium Health Food Co, is
registered. The company qualifies for charity status, which is allowable under Section 43 of The Charities Act within New Zealand Law (Inland
Revenue, 2014). Sanitarium has qualified for charity status since 2008. Under this status the company does not need to pay income tax nor is it
required to pay council rates. Moreover, they also receive revenue from activities that other business would probably not, like bequests and donations
(Tonya Wright, 2012). It could be seen as an opportunity, since this type of revenue creates a cash flow advantage for Sanitarium over its competitors.
Apart from the opportunity that it offers the company's finances, a company that is vested in advancement of religion, education and the relief of
poverty as well as any other thing that is beneficial to the community, is easily endeared to the community where their target markets are domiciled. It
is a very important aspect of

The Underlying Factors of Economic Growth in China in the...
East Asian Economies have experienced an outstanding record of high and sustained economic growth over the period of 1990s. In the period of 1965
to 1990, East Asia's twenty three economies grew faster than other economies of all other regions. Most of this success is attributable to seemingly
miraculous growth in just eight high performing Asian economies (HPAEs). Among these high performing Asian economies, China ranks as the
world's 2nd largest economy after the United States since 2010. It has been the world's fastest–growing economy with consistent growth rates of
around 10% over the past 30 years. A major contributor to China's extraordinary growth has been its economic reforms coupled with the
implementation of unorthodox policies.... Show more content on Helpwriting.net ...
Moreover, Deng and his officials dissolved the communes created by Mao and substituted them with a complex system of leases that ultimately
brought successful land tenure back to the household level (although possession of land remained collective). (Perkins, 1988) Furthermore, The
Household Responsibility System gave peasants the liberty to lease land for a fixed period of time from the collective on the condition that the
peasants were entitled to give a minimum allocation of the output to the collective. After allocating a share of the produce, peasants were entitled to
sell any surplus output they produced, either to the state at government procurement prices or on the market which where free. Moreover, they were
also allowed to retain any profits they might earn. Due to these reforms, grain production grew roughly by 30% within a decade, and production of
cotton, sugarcane, tobacco, and fruit doubled. Due to this impressive growth of the agricultural sector, emphasis was also made on broader
liberalization of the secondary (industrial) and tertiary (service) sectors in the 1980s. On the whole, the objective of the highly experimental urban
reform program was to develop a mixed economy in which market played an essential role and state planning was more concerned about monitoring
and regulating the economy rather than with directing the economy. In order to produce the desired economy, China's leadership began to realize the
inevitability of transferring more

Economic Factors Affecting The Economic Activity Of The Uae
Next we should discuss some of the similarities and contrasts between the two countries. the most important contrast between these countries that is
related to the study objective, UAE statistical SMEs report, shows that the dominate SMEs sector is the trade sector (60%) such as retail sector,
consumer goods trading or garments trading. the second sector is services (35%) such as contracting industry and tourist–focused services. the Sector
that is ripe for development in the UAE, is manufacturing (5%), such as auto parts or IT components. On the other hand, SMEs GDP contributions in
Canada were highest from agriculture, then health, and then education. Where mining, information, and manufacturing are less contributions to the
GDP. However, the concentration in the economic activity in UAE are in sectors with limited productivity growth, such as tourism, retail trade, and
construction. In addition, exports are concentrated in gold and jewelry as well as tourism and transportation services. While in Canada the
concentration in the economic activity in sectors with higher productivity growth such as agriculture.
Another major contrast, is that Canada has a liberal developed economy with an emphasis on market based resource allocation. In contrast, UAE as an
economy, the development has just taken place and have short history in job quality with limited rules, rights and labor standards. This may have
arisen due to oil revenue, a base of few institutions and a basic economy.

Economic Freedom Is A Key Factor For An Overall Personal
Economic freedom is a key factor for an overall personal and national growth in any country. Allowing people pursue their financial interests will be an
important step since the developed will begin at the lowest levels. Most researchers have a standpoint that allowing people to have their rules and
regulation, business friendly environment and source of capital become important factors in determining the economic growth of a nation. Despite both
the positive and negative impacts of the trade freedom, evidenced that the financial freedom, labour freedom, monetary freedom and business freedom
have a significant impact in determining the economic advancement. An economically free economy, people are allowed to operate their business
without... Show more content on Helpwriting.net ...
Places, where most people are employed, have a conducive atmosphere to live regarding security and advanced infrastructures. In an economically free
nation, people have increased levels of innovation and creativity since they do not worry that their ideas will be sour due to the harsh policies that are
meant to collect more revenue to the government. The increase in innovative levels will lead to the nation enjoying the positive impacts of developed
and advanced technology.
In the absence of the economic freedom, all other freedoms become any source of conflict between the government and her citizens. The patterns of
economic liberty are diverse touching all the unique cultures and history of the inhabitants and the geographical location of the individuals. The
economic freedom where the taxes are reduced provides the citizens to use their wealth as they choose. The government expenditure on restriction and
regulation reduction since the private sector can do it better ensuring less corruption, secured property rights and transparency in the import and export
transactions (Miller and Kim, p. 15).
Individual economic liberty is proved to have done more to reduce poverty compared to taxpayer funded programs. In contrary to the general
misconception, a free market within an economic freedom is the most efficient way of providing better education to the people. Government education
policies are the reason for increased centralization and

Economic Factors Affecting Microsoft
2.Economic factors
The economic stability of the majority of developed countries, the class disposable income and the economy growth rates in each country, affect the
company's performance in these markets. Microsoft can expect a stable performance in those countries with the strongest economies.
3.Social/sociocultural factors impacted by factors such as demographic changes, changes in consumer attitudes and opinions towards consumer
electronics products and services, media perception of the brand and health and welfare of target customer segment, cultural diversity, stable demand
and customer satisfaction.
4.Technological factors
Include new products or services introduced within the industry, the speed of technological evolution and the need to keep pace. The... Show more
Internal environment factors that influence Microsoft
The internal environment focuses on the strengths and weaknesses of a company, which give them a certain advantages and disadvantages in meeting
the needs of its target market.
The Microsoft ability to operate across different cultures in a highly globalized market world is an important competitive advantage that has generated
capability to successfully enter in to foreign markets without negative effects. The company is also using cross–cultural teams to increase efficiency
and to effectively face external challenges.
The strong brand recognition among target costumers helps Microsoft in launching new products in the market. The company has a highly intellectual
workforce leading to new ideas being bounced and incorporated in the production process, fostering innovation and with the streamlined production
process, creates successful products and generates more revenues by releasing newer version of each

Personal And Micro Economic Factors Paper
Personal history or microeconomic factors, and macroeconomic factors can be used to make projections about items in people's budget makes it
proper that they can help one to make better financial decisions. Personal or microeconomic factors influence people's expectations especially if they
are expected to change. Its factors such as the family structure, health, career choice, and age all have significant influence on financial choices and
goals. If any of those factors are expected to change, then ones financial situation should be expected to change as well, and that expectation should be
included in that person's budget projections. Actually, there are many ways that personal circumstances can change, and they can change your financial
expectations, choices, and goals. All these projected changes need to be included in the budget process for an effective planning.... Show more content
on Helpwriting.net ...
Therefore it is necessary understanding how incomes and expenses created are useful in forming estimates. For example, if an economy is in the
period of a recession, it will be presumed that the demand for labor will be lower; there will be a rise in competition among workers – not only to help
keeping their companies strong but also to keep up in their best performances in order to save their jobs. During this period of recession the
expectation of rise in wages will be very low, though interest rates will be subject to change and difficult to predict, but it is likely that a period of
recession might affect it by reducing it, while it might rise in a period of expansion. It is such economic factors discussed above that should help to
inform your estimates of potential income. Also

Economic Factors That Affect Population Growth
A Discussion of the Economic Factors that Affect Population Growth in Dubai
This essay forms a discussion about the economic factors that affect population growth, in Dubai. According to McGinley (2013), there are two factors
that contribute to population growth: high birth rates and immigration into a country. Births add more people to the country's total population, thus
increasing the total population. Deaths, on the other hand, reduce the population size, thus decreasing the total population. Further, immigration adds
to the population, but emigration reduces the total population. This essay proceeds as follows. First, I outline the levels of the Demographic Transition
Model (DTM) and the factors that affect the birth and death rates. Second, I consider methods that other country's (namely Germany and New Zealand)
have established to control their total population. Third, I devote attention to the status of Dubai's economy and how it has contributed to population
growth. Finally, I draw this essay to a conclusion, summing the discussion within.
A nation can experience a series of fluctuations in its total population. According to Barker et al. (2008), the DTM is composed of five stages (the high
fluctuating, early expanding, late expanding, and low fluctuating and decline stage). The DTM model explains how birth and death rate changes over
time; these changes are entirely dependent upon economic development. For instance, death rates drop rapidly as a country begins to

A Family 's Economic Deprivation Most Dominant Factor Of A...
This article subjects two main research questions. First, how is a family's economic deprivation influential to children? And second, how does timing
and duration of family economic deprivation impact the development of children?
Key Research Findings:
The article states that family income is the most dominant factor of a child's cognitive development out of all other conventional measures such as
ethnicity, female headship or maternal education. However income and economic status only has a faint connection and cannot be considered as
synonyms. Moreover the duration and timing of economic deprivation has a strong correlation between the potential detriments on children's
development. Conversely, an increase in income cannot guarantee improved developmental outcome of the children. The outcomes of their research
experiment showed that children in persistently poor families have a lower IQ as well as worse behavior problems than children who have never
experienced poverty.
Article 2:
Key Research questions:
The main questions this article explores are: what are the measures of poverty and how does being "poor" determine children's health and exposure to
developmental input, as well as different experiences of poverty.
Key Research Findings:
The ideal measurement of poverty should be composed of two basic categories: "public acceptability and statistical defensibility" (Aber, 1997). It states
that economically deprived families have an immense difference in resources

Economic Factors Of The Canada Adopt Market Oriented...
Economic Factors The Economic policy of the Government– Canada adopt market–oriented economic policies which clearly indicates that there are
free flow and competitive market this results that there is no major impact of policies. Instead of low productivity growth Canada gets 10th rank in
terms of GDP and also ranks 21st in terms of purchasing power parity (international monetary fund There is light labor market regulation and it is
also flexible and there are skill shortages. The economy is dependent on the mainly on the natural resources and service sector. The fall in crude oil
price affected GDP. In the budgetary part 2015 it is indicated that government is encouraging investments and supporting research by maintain low tax
burden for the commercial and small businesses and funding the research. (budget.gc.ca) So is can be advised that the Canada will be an ideal place
for investment for upcoming 4–5 years. Because of low taxes and currently the government is encouraging investments. Thus it can be said that the
Canada will the ideal place for doing a business. GDP & GDP Growth (Trend)– The economy of Canada shortens by 0.4 % in the last three months'
quarter. In the first and second quarter of 2015 it also shortens by 0.2% and 0.1% respectively but at the end of the year, it will able to achieve
moderate results. This narrow down in Canadian economy is mainly caused by the decline in crude petroleum output. Since 2009 this is the biggest
contraction in the

The Influence of Economic, Political, and Social Factors...
The Influence of Economic, Political, and Social Factors on Firms
The long controversy exist over the influence of economic , political and social factors on the success of the firms. With many economist believing that
economic factors such as management structure contribute to the success of the firm. Karl Marx (1976)[1] and other economist argued that economic
factors are not the sole determiner of firm's success. Marx believes that political, social and economics plays a part in making the firm to be
effective. So the following paper will address the question of whether political, economic or social factors contribute to success of the firms. The
discussion of economic, political and social factors will be based on the ... Show more content on Helpwriting.net ...
Adam smith argued that putting out system facilitated a greater degree of specialisation[4].
Putting all workers under one roof allows workers to specialize .As noted by Adam smith specialisation will mean increase in productivity of workers
.Increase in productivity will allows the firms to make more profits in this will give it edge over other firms.
I clearly agree with Landers that the firms adopted new management systems because they were affective and they outperform previous management
systems.[5] However marglin disagree with Adam Smith and
Landers ideas that the putting out–system emerged because of its effectiveness .Maglin argued that the putter out system allowed the capitalist to have
control over workers. Because of competition from rivals firms were forced to lower their production cost in order to be affective. Having control of
workers allows managers to control owners of the firms control pace of workers. As noted by Landers in a competitive environment the firm need to
minimize the cost of production. According to marglin the new management systems emerged because the owner of means of production wanted a
large share of profits. [6]
Marglin ideas takes us back to issues of class struggle noted by Karl
Marx .Following Marx ideas of class struggle we may say that social factors played a role through exploitation of women, children , paupers and

Economic Factors Of International Trade
1. Introduction
There are 2 purposes in this report. The first one is to determine whether developing nations are suffered from competitive disadvantages in the global
market, and to find out whether the less developed countries taking any benefits from the free trade policy.
There are plenty of reasons for firms to desire to go international and expand their business to foreign markets. They see the opportunities to increase
the market shares and the market size as well as to increase the profits by gaining greater revenues while at the same time reducing the production
costs by utilising all the cheap resources they can obtain than only stick in the domestic markets. However, there are also facts which make firms hard
to go: political factors and economic factors. Economists believe that international trade is a tool that can ends poverty and at the same time still
providing benefit of production cost reduction to the developed nations and come out a win–win situation that both the developed and less developed
nations can be benefited from it. Nonetheless, there are lots of researches find out the reality goes different from the way the economists expected.
The theories, research findings and real life examples are derived from secondary resources through the literature reviews of textbooks and academic
journals.
The body of this essay will start with analysing the factors affecting the effectiveness of developing countries when they conducting international trade.

Examine the factors which explain the differences between...
Examine the factors which explain the differences between economic growth rates in countries. Economic growth is the long term increase in
productive capacity as shown by an outward shift on a PPF curve. The PPF shows the maximum potential output of the economy. Productive capacity
is an economies ability to produce goods and services, so if an economy grows, it can produce more goods and services for the population of the
economy to use. Differences in Economic growth in countries result due to many factors, such as land and its resources. The amount of land a country
possesses, and all the natural resources it finds on the land can affect the amount of output. For example, Saudi Arabia has experienced very high growth
... Show more content on Helpwriting.net ...
The problem is that they are expensive to make. Another way that technology increases economic growth is that it creates new products for the market.
People will spend income on new products, but without new products there will be less spending, so there would less or no economic growth. So
overall, a difference in technological progress between countries will produce different rates in economic growth. The quality of resources, notably
labour, has a dramatic affect on economic growth rates in countries. Many economists believe that education and training is the most important factor
in determining economic growth rates. Some countries like Germany concentrate on training their current workforce to increase productivity, whilst
others such as the USA, focus on educating children and teenagers. The USA boasts the highest percentage of 18–24 year olds in full–time education,
and experiences high growth rates. China, one of the fastest growing countries, also concentrates strongly on educating people at a young age.
Another factor influencing growth is the significance of international trade. In countries that don't participate in international trade, such as , there is
very slow or no economic growth. This is because it is very hard for one economy to produce all goods which people require. It is better to specialise in
a few goods, use them, sell the

Economic Factors in the Decline of the Byzantine Empire
"Economic Factors in the Decline of the Byzantine Empire" In this article taken from The Journal of Economic History, Peter Charanis discusses the
factors that economically affected the decline of the Byzantine Empire. His discussion is based on the fact that past scholars, such as English historian
Edward Gibbon who wrote The History of the Decline and Fall of the Roman Empire, thought the Byzantine Empire was in a constant state of decline
throughout its existence, but he disagrees. He says that more recent scholars have found that it was, in fact, one of the great empires in history. He
references to historians such as Fridtjof Nansen, author of L'Armenie et le proche Orient, who said that the Byzantine culture "is and will remain one...
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The focus of the emperors was the happiness of the soldiers and not of the peasants, or all the other people in the empire, and this was also a large
source of decline in Byzantium. Once the emperors of the eleventh century realized that this system was not working quite as well, they tried to create
an anti–military policy, which consummated a depression in soldiers. This entire struggle that occurred after the seventh century caused the empire to
participate in a series of civil wars affected its sources and manpower, according the Charanis. Other serious factors that caused the decline were the
weakening of the central administration, the failure to enforce measures of protection for the soldiery–peasantry, and the grants of privileges made to
the aristocracy. It has been said that another reason for their decline was the strict controls they placed on commerce and industry, but Charanis
disagrees and says it is extremely doubtful that this was their weakness. He backs up this argument by saying that when those controls were most
strictly enforced, was when their empire was at its greatest. He goes on to say that the period of the greatest decline is marked by the breakdown of
these controls. Tenth century Byzantine emperor Romanus Lecapenus wrote in one of his novels that the extension of power to the strong and the
depression of power to the many would "bring about the irreparable loss of the

What Is The Real Impact Of Geographical Factors On...
Research Design In examining the empirical data of post–Communist reform, I hope to exhibit the real impact of geographical factors on political and
economic reform in an effort to abandon conventional explanations of this discussion. My intent with this research is to introduce the notion that
spatial issues can be as much of a determinant of state behavior, as any other factor. This is not to prove that certain explanations are better than others,
but rather to underscore the validity in geographical explanations; even if variables are not exclusively affiliated to the central subject of my study,
they can still hold powerful implications. My research design would organize a geographical positioning variable (independent) against a... Show more
Second, Polity IV offers a much more detailed signal of change than most other indicators of democracy. The data set ranges from–10 to +10, in which
a "Polity Score" is determined through a country's placement in one of three categories: autocracies (–10 to –6), anocracies (–5 to 5), and democracies
(6 to 10). In this, a 20–point measurement of political class is produced of each country, every year. To measure economic reform, I chose the Index of
Economic Freedom; an annual index and ranking system created in 1995 through the Heritage Foundation and The Wall Street Journal. This particular
tool evaluates countries on ten economic factors:
1.trade policy6. property rights
2.taxation7. banking
3.government intervention in the economy 8. wage and price controls
4.monetary policy9. regulation
5.capital flows and foreign investment10. black market
As a means of investigating principled governance I focused solely on the Economic Freedom measures of trade policy, government intervention, and
capital flows and foreign investment. I chose only these indicators because I believe they provide thorough insight into the conjoining issues of
post–Communist legacies and overall geographical access – namely, how close they are to a body of water large enough for ports. The scores for this
computation are ranked as follows: Repressed (0 to 49.9),

Telstra Economic Factor
It might be valuable to recognize different sorts of drivers, those that give the vital conditions to work in a nation, those that encourage working abroad
and "real" drivers. The principal gathering is an arrangement of government drivers based around the business conditions set by national governments.
These incorporate exchange barriers to secure local generation, for example, the USA recently did with the steel business. There are likewise other
more unpretentious hindrances to exchange, for example, specialized principles or marketing regulations, the prohibition on tobacco publicizing
received by a few nations being a present illustration. The following gathering is rivalry drivers. If the level of exchange between nations is high the...
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Government laws put limitations on the tariffs and telephones that the information transfers industry produces and all new innovation must stick to a
strict arrangement of government rules. Products and administrations gave by the Telstra business additionally needs to fit the security and protection
government regulations. Economic factor, financial development, expansion and interest rates can all have an effect on the Telstra business. Rival
telecom organizations need to stay aggressive yet most have needed to raise costs amid the worldwide retreat. Distinctive organizations will attempt to
beat others by offering restricted time offers on most recent portion cellular telephone handsets. Social factors, a portion of the greatest social variables
that have influenced the telecom business are those considered with profession attitude and wellbeing. The increment in on–the–go business vocations
has prompted an increment in desire for cellular telephones that will caution for messages, telephone calls and messages. They likewise need to have
the office to complete phone calls, texting and a large group of other profession centered components. Security with respect to cellular telephones
additionally should be thought seriously about by the business. Telephones with hands–free for autos are an unquestionable requirement in the present
environment. Technical factor, Technical environment mainly comprises of the innovative perspectives, for example, R&D, mechanical motivations
and rate at which innovation changes. These can be an imperative angle similarly as obstructions to section are concerned. Moreover technological
movements can influence expenses, quality, and lead to development. The rate of technology change is essential inside of the telecom business. New
models of telephones and

Economic Factors And The High Level Of National Productivity
Macroeconomics concerned with the large scale of economic factors and the high level of national productivity. Employment is also the big issue of
macroeconomics. Due to the increase in population and also increase in technological improvement people nowadays facing a high chance of
unemployment rate in the world. Many and more new product is develop in the world by the help of the technology and its robotic process. The author
Stefan Hajkowicz of journal article "Automation won't destroy jobs, but it will change them" have different saying on the increasing unemployment
rate. He was senior principal scientist on strategy and foresight. According to him people will get chance to get employment in today's world due to
change in the... Show more content on Helpwriting.net ...
Macroeconomics policy is gone for accomplishing these objectives, with one of them typically chose as the principal need. As I would like to think
full business of the countries work power is exceptionally constructive for the national financial aspects, in spite of the fact that regardless it implies
that there are some individuals not working in the general public, but rather that rate is low, just the ones who are not willing to work. This would be
that just about everybody in the work power is supporting the general public, and would augment the aggregate yield by and large in the nation. In the
meantime, there should be an interest deficiency in the nation in light of the fact that the normal expectations for everyday comforts expanded with the
work rate, which would be the inconvenience of the full vocation circumstance. The expansion or the purchaser cost list ought to be kept as low as
could be expected under the circumstances since it can grantee a solid and expanding monetary development and high vocation rates. Monetary
development is something that the administration and financial matters matter a great deal; it can likewise be the measure of GDP (genuine Gross
Domestic Product). It demonstrates the aggregate items yield of the nation and can be contrasted with the previous information to know whether it
expanded or diminished. The genuine Gross Domestic Product could be expanded from numerous points of view, for example,

Economic Factors That Influence Our Quality Of Life
Economic factors that influence our quality of life in Australia
An economy refers to the way in which a society is systematized to solve the economic problem of the insufficiency of resources relative to the society
's needs and wants involving the countries production, distribution and exchange. There are many factors or the economy that influence the standard of
living in Australia. The Main Factors are Australias Economic System, The key resources of the Australian economy, and the key economic indicators
including confidence, unemployment, exchange rates, economic growth and inflation. Fix this and expand properly Economies are categorized into
different systems. The two broad types of economic system are the Market economy and the planned economy. Australia is a Market Economy.
Economic Systems
Market Economies
Market economies work on the belief that supply and demand, are the best determining factors of what is right for the nation 's welfare.
Market economies allow market influence to drive most of their activities and decisions. They only really become involved in government interventions
(for example; price fixing and subsidizations) to the extent that is needed to provide and ensure stability. The market economy is the preferred system
of choice in today 's marketplace however, it is debatable whether market economy allows for the correct amount of government intervention that is
considered ideal for efficient economic function. Market economy producers

Economic Factors In Australia
Economic indicators provide information of certain economic factors, which define the economic condition of the country. Economic indicators can be
leading, lagging or coincident indicators. Among all these indicators, leading indicators are known to be the most useful economic indicators used, due
to its predictive value for investors. It is forward–looking, and provides meaningful statistics of the leading direction of the economy (O'Sullivan &
Sheffrin, 2003). The three leading indicators that will be discussed are business confidence, stock market and government bond.
Business Confidence
Financial Times Ltd (2014) defines business confidence as an economic indicator that provides an overview of the state of the economy, based on how
the ... Show more content on Helpwriting.net ...
The average Australia Government Bond 10Y is 7.75 from 1969 up to date, the highest and lowest government bond is 16.40 in May 1982 and 2.69 in
July 2012 respectively (Trading Economics, 2014).
United States Government Bond 10Y
The United States Government Bond 10Y has decreased from 2.55 in July to 2.38 percent in August 2014. The average United States Government
Bond 10Y is 6.39 from 1912 up to date. The highest and lowest government bond is 15.82 in September of 1981 1.40 in July of 2012 respectively
(Trading Economics, 2014).
Australian economy for the next twelve months
The Conference Board Leading Economic Indicator (LEI) for Australia has shown an increased in May after a slight decline in April. Besides, the
six–month growth rate in the leading economic index has also improved to 2.1 percent growth between November 2013 and May 2014, up from 1.4
percent for the previous six months. Therefore, its strengths among the leading indicators will be more than the weaknesses, hence there is a positive
outcome for the next 12 months for Australian economy (The Conference Board,

Economic Factors In The 17th Century And The Dutch East...
In the 16 and 17th century, and the Dutch East India Company (VOC) was very profitable and a large employer. They were also the world's largest
commercial entity in the 17th and 18th century, which employed approximately 30,000 people. They carried goods and slaves across the Atlantic
Ocean. One of the major historical significances of VOC is that they were the first country to build an entire empire of trading in numerous countries.
Their willingness to find the sailing routes, turned out to be a great success, which opened a tremendous amount of opportunity for them to trade, and
VOC strategically took complete advantage of the opportunities. As with everything in history, the results of theDutch East India Company are both
good and bad. Investors formed the first corporation with the joint venture stock company in 1602. They combined assets to gain power, and they had
a monopoly to trade with the Indies Asia and the Indian Ocean. Their motive was profit; they fixed prices. The Dutch East India Company's had an
immoral side as they could get countries to trade goods against their will with either by persuasion or violence. The VOC was lawless and protected
and built up its monopoly. Dutch financial power is still powerful today. The economic philosophy of "mercantilism" grew and presumed the world's
wealth was fixed, it didn't matter that one county could suffer economically at the expense of another (Pollard, pg.xxxxx).
The American colonies had the purpose of

What Are The Factors Involved In Process Of Economic...
The factors involved in process of economic growth of nations have transformed overtime, from savings to trade, foreign investment and human
capital base of the country. With opening up of the economies and the formation of multiple agreements among the countries, trade and FDI have
become the major medium of accord among the economies. There has been surge in FDI inflows ever since the countries adopted liberalisation
policies across the globe. The countries have been looking for policies to attract more FDI by boosting investment climate in their countries, to finance
their process of growth and development. The table 1.1 shows inflows of FDI in countries in different income groups. The largest increase in FDI
/GDP ratio has been in... Show more content on Helpwriting.net ...
Textile industry contributes 14% of industrial output and 4% of the total GDP in India. "The country attracted $198.86 million foreign capital in the
sector during April–March 2013–14, up 91.41 per cent", says Business Standard, August, 15, 2014. Textile industry also allows for 100 % FDI under
automatic route. The government has come up with Technology Up gradation Fund Scheme, Integrated Textile Parks, Integrated Processing Schemes
and Integrated Skill Development Scheme. Chemical sector contributes 16 % of manufacturing GDP and 2.11% of Indian GDP. This sector has
estimated size of the market US$ 144 billion and covers 70,000 commercial products. This sector also allows 100% FDI under automatic route besides
a few restrictions on industries registered under MSME sector. Strong domestic and export demand have caused growth of the sector. The government
has begun policy to setup Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIR) which is an investment region spread across 250
square kilometres with basic infrastructure for the manufacture of domestic and export related products of chemicals, petroleum and petrochemicals.
Consumer goods industry has grown with compound annual growth rate of 10.8% for the period 2003–2012. With 65% of urban market the industry, it
allows 100% of FDI in single brand retail and 50% in multi–brand retail industry. Crude steel production has increased at CAGR of 8.2 % between

Macroeconomics : Economic Factors That Affect The Economy
Macroeconomics concentrates on the issues that affect the economy in its entirety. It particularly focuses on economic factors such as inflation,
unemployment and economic growth. Macroeconomics examines the elements that influence the behaviour of national and international economies,
taking into account the total amount of goods and services produced by all businesses and the government.
Gross Domestic Product (GDP) is the measure of the market value of all final goods and services produced in a country over a given time frame.
GDP only takes into account the market value of final goods and not intermediate goods, in order to avoid counting something that has been bought
and sold a number of times. It also does not take into account second hand goods, as the market value for these would've been taken into account
during the year they were produced. GDP incorporates the output of foreign owned companies that are located within a nation. For example, the output
produced at a Chinese company that is based in London will still be considered in the UK's GDP. In contrast a television which was made in China but
sold in the UK would not contribute towards the UKs GDP. GDP can be measured using three different methods, the expenditure approach, the
production approach and the income approach.
The Expenditure Approach takes into account four categories of outgoings. These are Personal Consumption Expenditure (C), Gross Private Domestic
Investment (I), Government Purchases (G)

Environmental Factors And Economic Development In The 17th...
Environmental Factors and Economic Development
During the 17th century the United States was still trying to become the country that we see today. Some of the reasons that we have the country we do
now are because of the economic developments in the early British–American colonies. However during the 17th century, the considerable impacts of
environmental factors influenced the economic development of the colonies through things like soil quality/climate and geographic location as well as
economic factors including an increase in trade and exported goods and expansion of agriculture production.
The geographic location of the colonies had a large influence on the economic development of the British–American colonies. Document one shows us
a map of the original colonies. This is important because it can help educate students about the regional differences in the colonies. These differences
led to a vast economic diversity in the colonies. Because northern colonies like Massachusetts Bay and Rhode Island were littered with trees, rocks
and other rivers it provided poor soil for agriculture. Because of the poor soil for farming northern colonies used shipbuilding and rum export as their
way of economic development. Other industries like fishing/whaling, timber, and fur were popular because of the advancements of shipbuilding
technology and lumber. Document 5 talks about how the northern colonies were good for trade and had easy access to the sea with safe ports. These
reasons

Factors Of Economic Growth : Case Study Of South Korea
Factors in Economic Growth: Case Study of South Korea Amanda Osborne ECON/POLS 313: International Political Economy November 20, 2014
Introduction: Higher incomes, lower unemployment, decreased government borrowing, increased investment, and improved standard of living,
generally accompany economic growth. Developing countries strive to foster effective strategies that will allow them to achieve economic growth.
South Korea has been known as the model for economic growth. They transformed themselves from an underdeveloped country to one of the world's
most thriving economies. Many countries have tried to imitate the South Korean model as a means of having rapid growth. This paper will show, that a
good base for economic growth can be formed through an export oriented led strategy, an improvement in the labor force, and slight involvement by the
government. Literature Review There are numerous conditions that play into economic growth. This section is presenting findings of growth patterns
from other countries and which factors have greatly influenced them. Based on those findings, hypotheses will be able to be formed about factors
affecting South Korean economic growth. Having a productive and efficient labor force is a factor that can influence economic growth. In East Asian
countries, they implemented education policies that were set in place to increase their labor force skills. Economic growth through labor can be
divided into

Economic Factors That Affect Small Business
Small businesses are an integral part of the economy of any country. They employ many and act as an income source to governments. However, in
comparison to the large enterprises, small businesses tend to be vulnerable to various economic activities and changes due to their nature in size. Over
time, the economic factors have proved either a challenge or a boost to the growth and expansion of these businesses. Among the various economic
activities that affect various businesses is the economic slowdown and government legislation. An Economic slowdown can result in grave
consequences for long–term businesses whereas government legislations can either create a new market sector or close down existing sectors.
Economic factors have a massive impact on how small businesses operate and tend to dictate their success or failure.
There exist different economies, and various questions arise when it comes to the ideal capitalist economy of a small business. Small businesses tend to
perform better in competitive economies. When compared to selling goods, service industry would be the best suitable to offer in a capitalist
economy. Consumers usually portray a spendthrift behavior whenever they are in need of a service that they deem essential but can afford the luxury
of having someone provide it to them. On the other hand, economic factors are likely to influence the quantity of goods and services offered in the
service industry. Such a situation affects almost all small businesses'

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