5ENTREPRENEURSHIP
III. Analysis of International Business Opportunity
A. Economic, Political and Legal `Analysis of Trading Country
Economic Political Legal
London London represents the fifth
largest economy across the
world in terms of nominal
gross domestic product (GDP)
(Holton 2013). The prices rise
at a faster rate with lower or no
increase in wage rate. The
minimum wage rage for the
people in the age group of 25
stands at £7.50 per hour. The
rate of inflation in country
stood at 3.1 percent.
The country is political
stable although there has
been political debates and
uncertainties created as a
result of Brexit (Savitch
2014). The corporation tax
of the country stood at 19
percent which has however
been reduced by the
government in the year
2016.
The country puts
forward the
Employment Act for
the protection of the
employee rights and
the Equality Act that
protects people from
discrimination
(Barker and Branson
2014). The country
has various regimes,
trade policies and
procedural issues that
govern the market
entry.
Barcelona The real gross domestic product
of Barcelona stands at around
1102.83 billion Euros while the
nominal GDP stood at 1113.85
billion for the year 2016(Bakıcı,
Barcelona is established as
the democratic and social
sovereign country where
national sovereignty is
vested in its people
Both the legislature
and the executive are
constitutional and
protect the rights of
the individuals

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ENTREPRENEURSHIP.

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