1. Number of consumers (naturally‚ more consumers means more D) 2. Income & normal goods (as Y increases‚ D for these goods increases) 3. Income & inferior goods (as Y increases‚ D for these goods decreases) 4. Preferences (obviously‚ if they prefer to buy it their D will increase) 5. Price of a substitute (if the price of a substitute good increases‚ D for the original good will increase) 6. Expectation of future prices and income. 7. Government policies. e.g. ban pornography
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ACCOUNTING ENVIRONMENT Learning Outcomes At the end of this chapter the students should be able to: Explain the meaning and purpose of accounting Describe the role of accounting as a information system Describe why accounting is considered as the language of business Assess the impact of external environmental factors on accounting Introduction Accounting has evolved and emerged as most other fields of human activity in response to the social and economic needs of society
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Introduction Business Environment included the actors and forces outside the organization that influence management’s stability to develop and maintain successful transactions with its target customers and stakeholders. The objective is to establish the importance of analyzing the types of environmental forces. The environmental forces are political-legal forces‚ economic forces‚ socio-cultural forces and technological forces. In other words‚ these forces (PEST) strongly affect the way of business
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POLITICAL SCIENCE * It is the systematic study of the state in all its elements‚ aspects and relationships. * The term POLITICAL is taken from the Greek word POLIS meaning‚ city-state. * SCIENCE is derived from Latin word SCIRE which means “to know” and CIENCIA which means “knowledge” or “study” * The systematic study of and reflection upon politics. Politics usually describes the processes by which people and institutions exercise and resist power. Political processes are used
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Citation: "Review of Political Instability" Summary: Political instability has become a huge and serious problem for both developing and underdeveloped countries. Pakistan is also in one of these countries which is facing the problem of political instability. The instability of government‚ inefficiency of political parties and a weak political culture make Pakistan a politically instable state. Political stability is important for keeping the society
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Political institutions have been around since nearly all human societies were organized tribally. Over time they have developed into various organizational features and eventually taken the shape they do today. They have proven to be fundamental in virtually all societies worldwide and by being so omnipresent we often take these institutions for granted and do not realize how vital they are for our society. Moreover‚ because they are so important and play such a big part in our society‚ there is
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under the control of a few notable families. It is normal for a politician’s son‚ wife‚ brother‚ or other kinsman‚ to run for the same or other government office. The term coined by Filipinos to describe this practice is "Political dynasty"‚ the equivalent of an oligarchy in political science. One can trace its roots from the Spanish colonial times where favored families of the mestizo stock‚ or the Illustrados were given responsibilities of Gobernadorcillo‚ or Alcalde. As such‚ these men have wielded
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define political cultural and it will also discuss three major influences on political culture in Ireland. To demonstrate this‚ this paper will explain political culture in a simple way and it will discuss the civic culture theory and Marxist tradition which will illustrate different views on the role and nature of political culture. The three major influences that this paper will discuss are socio-economic development‚ cultural evolution political experience in Ireland. The notion of political culture
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to another‚ the other changed his mind and do the same. Party- switching had been a common scenario in the Philippine politics. Its occurrence is usually at election times or at times when there is a need to resolve a certain conflict involving a political issue or question and during times of revolutions and People Power. True enough the party system of the country seems to resemble chameleons of politicians going from one party to another. On several occasions when there is a need of choosing a stand
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What Is Macro Environment? The major external and uncontrollable factors that influence an organization’s decision making‚ and affect its performance strategies. These factor includes the economic factors; demographics; legal; political‚ and social conditions; technological changes; and natural forces. Macro environment factors are beyond the control of an organization. This is because those factors are positioned outside the organizational system. Those forces are the prime factors in corporate
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