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consequences of trade restrictions
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Organisations and Environment
The dimension of the external environment which interests me the most is the economic dimension. Economics can be described as the social science that deals with the production, allocation and distribution of scare resources in order to please the unlimited wants and needs that individuals boast. Economics is also research into aspects such as interest rates, inflation, gross national product and unemployment in order to predict the direction of the economy. There are different elements of the economic environment which have different importance. One of the most important elements of the economic environment is scarcity. The reality of scarcity is that the resources that we use and need to produce are limited but in fact the wants and desires of humans for goods and services are almost unlimited. This causes the production, allocation and distribution of the resources to be carefully thought about. Costs are another key element in economics. This is because incentives influence everyone. The costs of products will seemingly come done to the incentive of people; costs will rise if product sell, consumers however may discontinue to buy that product due to this increased price. People are influenced by changes in their personal costs and benefits (Gwartney and Stroup, 1998). Trade is also a key element to economics. Trading is essential as is it very productive for all involved. If trading between countries didn't occur then we would not have what we want, it is essential in order to gain what we value the most.
Economic development is continually occurring in conjunction with change this is because economic development occasionally depends on change. A major issue which is seriously able to hinder economic development is unemployment. It is essential for people of a certain age to work; if they do not then the economy will suffer. It is understandable that the goal of full employment' which the government strive for is virtually impossible, but mass unemployment causes the taxpayer to suffer and puts a strain on public services and on the Exchequer because tax yields will have to be spent on providing unemployed people with a Job Seekers Allowance. Also unemployed people are not being productive as they are not contributing to the advancement of the economy and as they are not receiving a wage then there will be a lack in demand and spending on goods and services, which will affect businesses and will slow economic growth.
Slow, growth causes few jobs to be created as it means a slower rate of
Environmental – External environmental factors are forces or trends that can affect a business whether it is an opportunity, threat, or constraint. They can be divided into three interrelated subcategories of remote, industry, and operating environments. The remote environment includes factors beyond a company’s operating situation such as the economic, social, political, technological, and ecological factors. The industry environment includes factors that have more of a direct influence on a company’s business such as entry barriers, competitor rivalry, the availability of substitutes, and the bargaining power of buyers and suppliers.
Organizations experience two kinds of change: unplanned, or crescive change, and planned, or deliberate change. (Stojkovic et al., 2008) This essay will focus on the fundamental elements of planned organizational change. We will provide an example of how a police agency undergoing deliberate change could follow these steps.
In conclusion, there are major economic factors that determine how fast and even if the economy will prosper. While microeconomics is important to the country, macroeconomics is just as, if not more important. Without looking at the economy as a whole, we will fail to see the the things that need to be worked on at the microeconomic level. If we failed to see that the country as a whole, had an unemployment level
Economic development is a term that economists, politicians, and others have used frequently since the 20th Century. The concept, however, has been in existence in the West for centuries. The term refers to economic growth accompanied by changes in output distribution and economic structure. It is concerned with quality improvements, the introduction of new goods and services, risk mitigation and the dynamics of innovation and entrepreneurship.
Two internal barriers to economic growth and development are International trade and Political barriers. Barriers prevent and restrict development in some countries. While some things are barriers to economic growth some are barriers to economic development. In this case being international and having a political sense is a barrier to both thoughts. Change and the process of development is a multi-generational process.
Organizations are instruments created to achieve other ends. The word organization which is derived from the Greek word ‘organon’ means a tool or instrument. Therefore, ideas such as tasks, goals, aims and objectives have become such fundamental organizational concepts. Organizations are a complex and paradoxical phenomena and there may be challenges in understanding them. Metaphor is a primal force through which humans create meaning by using one element of experience to understand another. The use of different metaphors lead to different explanations and theories of organizations helps us to think and see organizations from different perspectives. Each provides a certain view of the organization and can be convincing but it does not provide a clear picture of an organization. Therefore, by exploring the implications of different metaphors it is possible to understand the nature of an organization.
Economic growth focuses on encouraging firms to invest or encouraging people to save, which in turn creates funds for firms to invest. It runs hand-in-hand with the goal of high employment because in order for firms to be comfortable investing in assets such as plants and equipment, unemployment must be low. Hereby, the people and resources will be available to spur economic growth.
The environment is a significantly important asset to human. It provides various materials to use, fresh air to breathe, food to eat, water to drink, and energy to use. With more human interactions and activities, we have been harming environments and climates around us. These harmful effects lead to negative consequences to our human. For example, greenhouse gas emissions can lead to an asthma and many other health problems and cause a global warming. This is an example of a negative externality, which is a cost that affects a party who did not choose to incur that cost. Clearly, the greenhouse gas emission represents a negative externality to our economy because people who did not choose to incur the cost of emission but still being affected
There are at least four different research perspectives about the relationship between development and economic growth. Firstly, economic growth is the basis for social development. Secondly, economic growth and social development are not necessarily linked. Thirdly, both economic growth and social development are not basic causes by each other, but they depend on interaction. Fourthly, social development is the prerequisite for economic growth (Mazumdar. 1...
Economic development is fundamentally about enhancing the factors of productive capacity, such as land, labor, capital, and technology, of a national, state, or local economy, as stated by the U.S. Economic Development Administration. Economic development influences growth and restructuring of an economy to enhance economic well-being. We experience economic growth when our standard of living is rising. Rather than being a simplistic process, economic development typically is a range of influences aimed at achieving objectives like creating jobs and wealth and improving the quality of life. It incorporates coordinated initiatives targeted at expanding infrastructure and increasing the volume and/or quality of goods and services produced by a community. A common measure of economic development is a country’s gross national ...
In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.
Economic growth is one of the most important fields in economics. In current generation economic is developing well. Economic growth is really important to country and for the world as well. Economic are one of the identity for country because it shows a country development and attraction for other countries (F, Peter. 2014). For example well economic develop such as Singapore, Dubai, New York, and Japan. These countries are well develop and maintaining their economic growths. Economic growths are really important because higher average incomes enables consumers to enjoy more goods and services. Then, lower unemployment with higher output and positive economic growth firms tend to utilize more workers creating more employment. Enhanced public
Environmental factors affect an organisation in 2 ways. They set limits and pose threats and they also provide opportunities and challenges. A change in the government export policy may suddenly threaten an export oriented organisation. A reduction in the rate of interest may provide cheap finance to an organisation.