logo

The Economic Environment of Organisation

   

Added on  2021-02-20

7 Pages832 Words60 Views
The EconomicEnvironment
The Economic Environment of Organisation_1
The Economic Environment of Organisation_2
INTRODUCTIONEconomic environment is the kind of business which affect it the most and it includesvarious factors such as external which divide the environment into microeconomic environment.It further affect the decision making process of the organization. Some of the factors arecontrollable and some not. So it is important to analyse them before they going to affect theindividual as well as whole organization. This report include the various topics such as analyse the change in the determined ofdemand or supply. Influence of price elasticity and different types of elasticity. In addition, itincludes the impact of elasticity of the different range of products and two micro economicobjectives. Along with this, evaluate the role of monitory and fiscal policy in regulating GDPgrowth. 1.1 Analyse the determinants of demand with the help of two diagramsDemand: It is an economic term which denote the value of product & services whichindividual wanted to consume. It is the basis need which required by the consumer to satisfythemselves with the help consuming products & services. Determinant of demand: It includes the various factors which cause the fluctuation in theeconomy due to change in demand for the product & services. Demand will be affected due tochange in the price. As below mention picture represent that, when demand of product increasedthen price of the product & services also increase. Similarly, as demand decrease price of theproduct decreased. Basically, price and demand have positive relation which affects the eachother at the same time. 1
The Economic Environment of Organisation_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Demand and Supply Analysis in Contemporary Business Economics
|11
|3442
|47

HI5003 | Demand Supply Coca-Cola
|9
|1383
|51

Sample Assignment on Economics
|9
|701
|239

Business Economics Assignment - Polo Mint
|12
|3005
|468

ECON 1102 - Macroeconomics - Increase in Demand
|10
|2413
|34

Factors Influence Supply of Coca Cola - Desklib
|8
|1310
|1097