Credit crunch and recession are great examples of external factors influencing the business. If the people are suffering from recession, they will not have money to spend money and this is how it affects the businesses. The current instability in Iraq is a good example of what may happen to businesses. In business it’s very important to understand, monitor and adapt to the political environment, because it crucially affects every business. Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to.
A recession is the part of the business cycle which is characterised by falling levels of demand, very little investment, low business confidence and rising levels of unemployment. It is neither as long lasting nor as severe as a depression. A recession is two successive declines in quarterly gross domestic product. A recession provides extremely harsh conditions for businesses to survive in, in order to survive a recession businesses have to adopt strategies that they believe are they best way for them to see through the recession and continue to make a profit on the other side. One strategy that a business can implement is to cut costs.
Buy nothing day will also save money and time. Buy nothing day will also encourage an ethical understanding of the consumerist lifestyle. For example, the recent economic recession proves to be a disaster for many families. During the recession, the consumerist lifestyle became unsustainable as markets crashed and employees lay off. Developed nations consume a lot.
She altered the taxpayer information for four people and only gained two- thousand dollars. The potential consequences of committing such a fraud entirely outweigh the financial benefit. Griffin did not get her motivation for personal financial gain like the usual fraud perpetrator. Catherine Griffin modified four tax returns. America is currently in a recession and times are rough.
This act made important changes to the United States since the reform following the Great Depression. It made changes in the American financial regulatory environment that affect all federal financial regulatory agencies and almost every part of the nation's finance industries. Even though this may seem as a good thing for our country, many critics believe the reform act is not enough to prevent another financial crisis. I believe this reform act was a major achievement in a way. The economy has gotten better through the years and President Obama has come up with some very beneficial strategies that have helped this country get out of the recession that we were in.
Her attempts to restructure the country seemed to be good in principle, however in reality seem to have caused more harm than good. There was too much emphasis on the world of finance and not the welfare of the whole population, the workforces of the nation suffered incredibly due to the new competitive nature of the private businesses. The unemployment of the 1980's has taken many years to correct, and the economic focus of her time in power, and lack of morality has left many with a very strong opinion about her and the decisions she
The economy is considered to be very unstable at the current time, and it is the duty of the United States government to do everything in their power to once again stabilize the once booming economy for the sake of the entire country and its citizens. Current Unemployment Rate Currently unemployment rates in the United Sates are a less than desirable 7.9%. Although, this number has decreased by 2.1% from its peak in recent years, it is still believed that there is a long way to go. Prior to the recession unemployment rates fluctuated between 4% and 6% (www.bls.gov, 2012). This increase in the unemployment rate is having considerable impacts on the economy.
Despite the many differences between Bush and Obama, both presidents used a similar expansionary fiscal policy. Which makes sense since they were both facing bad economic times during their presidency. Expansionary policy stimulates economic growth but in the long run it can damage the economy. I will go on to explain how the Obama Administration took on the financial crisis. The Obama Administration outlined their economic policies in the 2008 presidential election campaign.
Although our relations with America did improve, and have later proved to be very important, missing out on Europe was a major mistake. This has had an impact on many later governments, and ultimately towards the formation of the European Union. However, even though I see the years as being wasted, it can’t be denied that the 3 successive election victories the Conservatives had were impressive, and show that they did have popular support. Although unemployment remained low, house building increased, and Britons had ‘never had it so good’, I think that the mistakes outweigh these positives and the period can certainly be described as ‘thirteen wasted
Our fast growing industrial way of life was slowly weakening our economy. Most citizens were investing in the stock-market and getting loans from banks that they couldn’t repay. Americans trusted in their economy, due to its illusion of security. However, this wasn’t the case for very long. The crash happened sometime