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Macroeconomic Policies and Their Impact on Business Environment

   

Added on  2023-06-17

7 Pages1270 Words176 Views
PRESENTATION

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Business management is the field of having responsibilities that includes managing the
administrative tasks associated with business. It includes the operations conducted in company
along with assisting its employees to reach at the top in their productivity levels. It manages the
coordination of employees working within the company. Business management systems helps in
providing a foundation for making business decisions while considering current processes,
activities and goals of the organisation. The macro- economical policy within business
management are actions taken from the side of government for the purpose of having a positive
impact on country's economy. It sets targets that will focus on the specific economical needs.
This focus on the performance of country economy along with the changes in the same. There is
a detailed analysis of the general concerns associated with the business environment. There are
different types of policies that will be discussed further in the presentation.
MAIN BODY
General economic concerns
Businesses are made to grow for the purpose of generating profits but this growth and
working of business depends on external circumstances such as government policies, employees
and unemployment rate along with many other parameters. It influences the prosperity of
company and are important to be taken into consideration while preparing for the business
development strategy. Government policies are implemented to draw changes within the
behaviours of business environment. It includes setting up higher rates, rise in the price rate will
decrease customer spending, while in the case where the policies are about lowering the interest
rates, it will assist in increasing the business production. Higher rates will lead to decrease the
product consumption.
Labour markets are flexible and thus, creates issues for the employment purpose for the business
of the company. Labour markets are related with the interaction between supply, the workers that
are available for work and demand, regarding the jobs that are available within the company. It is
responsible for setting the wage rate for workers. Labour markets supports the rights of labours
that includes, minimum wage, safety policies within organisation and so on. This affects the
business due to the flexibility present in this market while influencing the decision made within

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