CHAPTER 1 INTRODUCTION Losing one’s job is the most upsetting thing that an individual can go through short of the loss of a loved one. Economists therefore consider the unemployment rate to be one of the most important indicators both of the economy and of well-being in general. When people who want and need to work cannot find suitable employment‚ they lose not only income but self-esteem (Robert Guell‚ 2003). According to Merriam-Webster Dictionary‚ labor is a human activity that provides
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What is the difference between micro and macroeconomics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. Micro and macroeconomics describe the same concept of economics at different levels hence they are intertwined ideas. Microeconomics is concerned with individuals in the economy like households‚ workers and business (Taylor & Greenlaw‚ 2016). It concentrates on how business establishes prices‚ how it is affected by taxes and it explains the concept of demand
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PESTEL analysis of the macro-environment There are many factors in the macro-environment that will effect the decisions of the managers of any organisation. Tax changes‚ new laws‚ trade barriers‚ demographic change and government policy changes are all examples of macro change. To help analyse these factors managers can categorise them using the PESTEL model. This classification distinguishes between: • Political factors. These refer to government policy such as the degree of intervention in
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of the scope of the study are also explained. 1.1 Background of study. Hotel industry is all forms of business relating to provision of accommodation in the lodging‚ food and drinks and various types of other services that are interconnected and form intended for the public services‚ both of which use the lodging facilities or who simply use the services or the production of certain services of the Hotel. As such Hotel mean commercial establishment providing lodging to travelers‚ tourist and sometimes
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Subway as a large international company perform a big role in world’s background.As a restaurant chain‚ a lot of micro environmental factors influent on it. Those factors are: size‚ competitors‚ customers‚ market‚ target‚ finance‚ labour‚ suppliers. All of them influent on all companies in fast food business. Size: As it was mentioned Subway is one of the largest fast food companies. Like the other competitors it has stres all over the world. There are more than 25‚000 stores in 83 countries
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Singapore could be an alternative for your vacation due to many fun tourist attractions in this country. Singapore has been recorded among foreign tourists as an attractive tourist destination. Singapore has a well-developed tourism industry‚ as a cosmopolitan city that highlight racial and cultural harmony. Cultural differences reflect a rich colonial history and the ethnic Malays‚ Chinese‚ Arab and India. For years considered a business center in Southeast Asia‚ Singapore has a thriving shopping
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Strategic Management Analysis of Child and Family Services of Timmins and District Word Count: 2‚494 November 8‚ 2009 Tracy Hillier Table of Contents Introduction............................................................................................3 External Situation...................................................................................3 Internal Situation....................................................................................5 Five Forces Analysis............
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“ PESTLE” which stands for political‚economic‚ socio-cultural‚ technological ‚legal and ecological environment. PESTEL analysis of the macro-environmentThere are many factors in the macro-environment that will effect the decisions of the managers of any organisation. Tax changes‚ new laws‚ trade barriers‚ demographic change and government policy changes are all examples of macro change. To help analyse these factors managers can categorise them using the PESTEL model. This classification distinguishes
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Report about china’s micro-loan industry Program: Financial Services Introduction: This report is focus on the micro-loan industry in china. In this report‚ the subject will be divided into two parts: The first part will use Porter’s five forces model‚ trying to research and analysis the industry status quo. The second part will base on a specific micro-loan company and trying to find out the development and the corresponding strategies of china’s micro-loan company. Background “Microfinance
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Þ Political Aspect: The first factor which shall be kept in mind while studying the macro environment of Starbucks is the political aspect. It has been seen that‚ Starbucks has significant levels of presence in the coffee market. Starbucks consists of various types of products for government offices‚ corporate offices‚ etc. In the year 2011‚ Seattle Coffee has been reported a growth double digit. It shall be taken into consideration that‚ the volume of growth in the overall coffee market has
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