STAKEHOLDERS For this assignment I will identify and explain the external factors that affect two contrasting businesses which are McDonalds and NHS. TASK 1 - POLICITCAL FACTORS Political Political factors are the changes that take within the government and that’s how it affects businesses. The stability of the government can hugely affect businesses or what type of government is ruling, their ideas such dictatorship, capitalism and others. The economic and trade policy makes it difficult for businesses. Credit crunch and recession are great examples of external factors influencing the business.
The rough Winter most likely was the cause to 70 deaths. Based on the “Background Essay”, “Then, in the awful winter of 1609-1610, another two-thirds of the settlers died.” Harsh winters were bound to happen. There was nothing anybody could do about it or prevent it. The colonists could have prepared for it, but because they did not have the current technology, they could have not possibly predicted that a rough winter was coming their way. According to “Document D”, in 1607 August through October “Summer sickness kills half the colonists” The summer of 1607 was so severe that it killed 50 people.
It wasn’t until shortly after his death that Karl Marx’s ideology began to significantly influence socialist movements. Although relatively unknown during his lifetime he has become one of the fundamental economic and sociological figures of the modern era. Many of his theories and insights into the way society functions are still relevant in the expanding capitalist society that exists today. Marx was very critical of capitalism and the division in society between the bourgeoisie and proletariat classes, attempting to highlight the injustice and exploitation of the working class by the wealthy upper and middle class. Marx predicted that capitalism within a socioeconomic system would inevitably create internal tensions between social classes leading to its demise and replacement by a new system, communism.
Introduction The Federal Reserve makes many decisions which can alter the course an economy takes. The Reserve has quite a bit of influence on how an economy recovers from both recessions and rising inflation due to extreme growth. A closer look will be made at the importance and function of money and how the central bank manages a nation’s monetary system. An explanation will be made to show what effects the Federal Reserve’s monetary policy has on the economy’s production and employment. Finally, a look inside the most recent Chairman’s Report will explain what direction the Reserve has decided to move in regards to monetary policy.
The Great Depression was the worst economic disaster in American history. A variety of factors led up to it, including a dangerous amount of stock market speculation and an excessive lending of credit. Other contributing factors were a weak farm economy, lack of government regulation of business, and high tariffs. Unemployment rose as high as twenty-five percent of the workforce and the U.S Gross National Product dropped from $104 billion to $56 billion. This huge depression eventually expanded across the globe, leading to a worldwide economic crisis.
ECO 252 The Federal Government Budget Deficit and the American Economy How elected officials deal with the budget deficit will have a definite impact on our economy. There are many questions to be answered, and the possible outcomes are linked to the infinite number of possible answers. The following essay will explore some basic economic concepts including, opportunity cost, good economics versus good politics, the Laffer curve, capitalism versus socialism, and the “invisible hand”. Many Americans look at the budget deficit in the simplest of terms. More expensive government programs will require more taxes to fund them.
The Dirty Little Secret: Poverty In America Jane A. Easter The current reality in the United States of America is that the level of disparity between classes is growing and not in a good way. The small portion of the rich are getting richer and the number of poor is increasing creating a larger gap between the previous middle class and the lower class. The other reality is that it is a “don’t ask, don’t tell” society. Though studies, census data and other overwhelming proof is all around us, it is one of the least talked about issues. The classes by race and gender continue to have disparate realities across the country.
Conflict Theory has a macro sociological approach which means it has been done on a large scale using statistics, figures and research. One main feature of Conflict Theory is that there are power differentials within society and that these are in place to control and constrain those who aren’t in power to enable them to keep valuable resources to themselves resulting in those who are not in power or within the “ruling classes” to face inequality as they are unable to access these resources. These resources are private education, health care and better quality of housing amongst others. Another feature of Conflict Theory is that this conflict will result in change and that society is ever changing. While this feature can be used to explain incidents and changes that have occurred within society there is still a large gap between the resources available to those who are considered lower class or underclass compared to those with wealth within the United Kingdom and according to The Guardian newspaper inequality has risen faster in Britain than in any other country since 1975.
The ongoing economic inequality that goes on in society causes a serious threat to our future generations. People in our economy and other foreign nations also suffer from this inequality as well. Is this fair to people in the economy? How does the government respond to this repression? This is an ongoing injustice to people worldwide, how can this be brought to an end?
The concept of poverty is common that almost anyone understands, or thinks she understands. But the specific meaning we attach to the word depends upon the underlying concept of poverty we have in minds (Macpherson and Silburn,1997).It is possible to conceptualize poverty in many different ways, each one leading towards a different understanding of the meaning and significance of the term, towards a different precise definition, which in turn will lead to parallel differences in the methods and measures used to estimate the numbers of persons and groups that live in poverty and gauge the depth of their impoverishment. A large part of economics literature focuses on monetary resources to identify the poor people. The main assumption of this