Inflation Economic Forces Adjustment of wages and Inflation results as
development of country central banks try to reduce becomes possible. A mild or the money supply by moderate inflation is good increasing interest rates for the growth of economy which result in a higher rate because if there is no rise in of interest on loans and price of goods or services since the majority of people then it can lead to deflation and companies takes loans which presents different set during their lifetime they of problems for the suffer the most, it also fixed economy like recession or income groups like salaried depression for the economy, class people, pensioners, vicious cycle of lower savers and poor people consumption and lower because during inflation production due to falling in their purchasing power is price of goods and services, being reduced due to fall in unemployment and so on. the real value of money Inflation is kept under and makes the country control can boost the products uncompetitive in growth of the economy. international markets due Inflation though indirectly to deprecation in currency can result in more which leads to falling in productivity because when exports putting further inflation rises companies pressure on the economy tend to increase their foreign exchange. Lastly, it production so as to earn is a continuous increase in more money and workers the price level and if not also work overtime because controlled it can lead to their real wage has fallen hyperinflation which is the due to inflation and to worst-case scenario as it counter inflation they have may result in a complete to increase their wages breakdown of the economy which can be done either as well as government through overtime work or leading to anarchy in the doing side job after work country. Tariff Economic Forces Tariff Tariff - The government - demoralizes foreign imposes tariffs on imports investors from investing for so as to protect the local the country industries from collapsing, it - discourage countries protects the country from from exporting goods to selling cheap good. many other countries - It also plays an - increases the tax on important role in the goods and services in the development of the good economy by creating more - it affects the employment opportunities, relationship between two reduction of the deficit and countries since they deny increase in revenue. the goods to be imported - creates employment - it might have opportunities for the negative effects on the citizens by encouraging the economy with the growth of local industries to reduction of the grow to produce more local competition between goods manufacturers there may - protects the country lack an adequate supply of from being a recipient of products and many others rejected goods and prevents dumping
Generation Socio-cultural Different Businesses must find
Gap and generations come a way to balance the Demographic with their own needs, preferences personalities, and views of opinions and different age groups tastes. Time goes resulting in a deeper by and businesses analysis to their needs to learn to demographics and adjust to different identify their generations differences. Product Technological - We save our time. - The old technologies and Innovation Forces - We save money. techniques are left behind, - In most cases nowadays and it becomes a challenge environment is benefited. to protect them. - We get to know more - Many rituals may get lost. things. - People have to change - We get more opportunities their lifestyle in order to to further bring more get compatible with it. innovative ideas. - People's way of thinking - In most of the cases, it changes. brings to us efficient use to available resources. Labor Political Legal First, it affects the THe employee's Strikes growth of the demands are economy. Striking realized for short or immediately extended periods resulting in better of time, results in working conditions. the loss of revenue Strikes put to for a country as prominence the companies and various concerns of factories are not workers. conducting their usual mandate of producing products and it may results of boycotting the products of the company Birth Socio-cultural There will be fewer Religious groups who are Control and pregnancies and it controls against it because of the Demographic population rate. sanctity of birth Heavy Socio-cultural Waiting in traffic is Congestion makes people Traffic and a non-productive late to work, stresses as out Demographic activity for most before arriving to our people as it wastes destination, makes time, energy and deliveries slower, and all opportunities that those wasted fuels cost us should instead be money. Therefore, results applied to in poor health condition of activities that will the people and also a benefit the person slower economic growth. more. Furthermore, government or traffic departments will have to provide road or highway improvements to mitigate the effect of the traffic. Education Socio-cultural It contributes to the More people are and improvement of a person’s qualified for a high- demographic skills and productivity to do skilled demand jobs work. Additionally, it will and people may help in the advancement of create more technological and effective processes, entrepreneural skills to also ideas or products. benefit the economy.