Similar Business's in Different Worlds
Similar Business 's in Different Worlds
Economic Environment in Wales
A good economy needs to have stability and growth, there needs to be a decrease in inflation and low interest rates to ensure there is access to the appropriate supplier of labour. The welsh government usually uses taxes and spending as a way to control the economy. As the banks work for the government they are able to alter the quantity of money that 's available, in 2009 they provided them with more money to be able to lend more to business 's due to the economic environment at that time.
In the year 2008 the UK saw the start to a growing recession, in recent years of 2010, 2011 and even into 2012 Wales recession is still in a bad state, but being controlled a bit more. Towards the start of 2012, the government reduced interest rates by 0.50% to encourage customers to spend more., this helped as In 2011 the total spending on Debit/Credit cards was £38.2 billion, however in 2012 the total spend had been £42.2 billion.
The Inflation Rate in the UK:
Economic Environment in China
All power within the Chinese government is divided among three bodies: the Peoples Republic of China, State Council and the Peoples Liberation Army (PLA). Power is concentrated in the paramount leader, who controls all three bodies, he if effectively General Secretary of the Communist Party and of the Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission.
Just like Wales, China is also in a state of recession, due to customers buying less because they can 't afford to, this has caused manufactures to cut back on their orders, producing fewer goods. This recession has causes a 'ripple ' effect, for example a person spending less reduces the income of others.
As of October 2011, China 's inflation rate has slowed tremendously, lowering to 4.2%. This inflation is controlled by taxes, and business 's must therefore lower prices.
The UK is the
Economic Environment in Wales
A good economy needs to have stability and growth, there needs to be a decrease in inflation and low interest rates to ensure there is access to the appropriate supplier of labour. The welsh government usually uses taxes and spending as a way to control the economy. As the banks work for the government they are able to alter the quantity of money that 's available, in 2009 they provided them with more money to be able to lend more to business 's due to the economic environment at that time.
In the year 2008 the UK saw the start to a growing recession, in recent years of 2010, 2011 and even into 2012 Wales recession is still in a bad state, but being controlled a bit more. Towards the start of 2012, the government reduced interest rates by 0.50% to encourage customers to spend more., this helped as In 2011 the total spending on Debit/Credit cards was £38.2 billion, however in 2012 the total spend had been £42.2 billion.
The Inflation Rate in the UK:
Economic Environment in China
All power within the Chinese government is divided among three bodies: the Peoples Republic of China, State Council and the Peoples Liberation Army (PLA). Power is concentrated in the paramount leader, who controls all three bodies, he if effectively General Secretary of the Communist Party and of the Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission.
Just like Wales, China is also in a state of recession, due to customers buying less because they can 't afford to, this has caused manufactures to cut back on their orders, producing fewer goods. This recession has causes a 'ripple ' effect, for example a person spending less reduces the income of others.
As of October 2011, China 's inflation rate has slowed tremendously, lowering to 4.2%. This inflation is controlled by taxes, and business 's must therefore lower prices.
The UK is the
Bibliography: http://www.bbc.co.uk/news/business-15344297 http://www.tradingeconomic.com http://www.en.wikipedia.org/wiki/Tesco http://www.businesscasestudies.co.uk/business-theory/external-environment/slept-analysis.html