Organisations and Environment

1801 Words4 Pages
bulb-icon

Recommended: Consequences of trade restrictions

Organisations and Environment

The dimension of the external environment which interests me the most is the economic dimension. Economics can be described as the social science that deals with the production, allocation and distribution of scare resources in order to please the unlimited wants and needs that individuals boast. Economics is also research into aspects such as interest rates, inflation, gross national product and unemployment in order to predict the direction of the economy. There are different elements of the economic environment which have different importance. One of the most important elements of the economic environment is scarcity. The reality of scarcity is that the resources that we use and need to produce are limited but in fact the wants and desires of humans for goods and services are almost unlimited. This causes the production, allocation and distribution of the resources to be carefully thought about. Costs are another key element in economics. This is because incentives influence everyone. The costs of products will seemingly come done to the incentive of people; costs will rise if product sell, consumers however may discontinue to buy that product due to this increased price. People are influenced by changes in their personal costs and benefits (Gwartney and Stroup, 1998). Trade is also a key element to economics. Trading is essential as is it very productive for all involved. If trading between countries didn't occur then we would not have what we want, it is essential in order to gain what we value the most.

Economic development is continually occurring in conjunction with change this is because economic development occasionally depends on change. A major issue which is seriously able to hinder economic development is unemployment. It is essential for people of a certain age to work; if they do not then the economy will suffer. It is understandable that the goal of ‘full employment' which the government strive for is virtually impossible, but mass unemployment causes the taxpayer to suffer and puts a strain on public services and on the Exchequer because tax yields will have to be spent on providing unemployed people with a Job Seekers Allowance. Also unemployed people are not being productive as they are not contributing to the advancement of the economy and as they are not receiving a wage then there will be a lack in demand and spending on goods and services, which will affect businesses and will slow economic growth.

Show More
Related

  • Monetary Policy

    1670 Words  | 4 Pages

    The Economy is the backbone to society. There are many factors that operate in, and govern our society’s economical structure. Factors such as scarcity and choice, opportunity cost, marginal analysis, microeconomics, macroeconomics, factors of production, production possibilities, law of increasing opportunity cost, economic systems, circular flow model, money, and economic costs and profits all contribute to what is known as the economy. These properties as well as a few others, work together to influence the economy. Microeconomics and Macroeconomics are two major components. Both of these are broken down into several different components that dictate societal norms and views.

    Read More

  • Considerations Of A Strategic Plan

    1447 Words  | 3 Pages

    Environmental – External environmental factors are forces or trends that can affect a business whether it is an opportunity, threat, or constraint. They can be divided into three interrelated subcategories of remote, industry, and operating environments. The remote environment includes factors beyond a company’s operating situation such as the economic, social, political, technological, and ecological factors. The industry environment includes factors that have more of a direct influence on a company’s business such as entry barriers, competitor rivalry, the availability of substitutes, and the bargaining power of buyers and suppliers.

    Read More

  • Economic Cycles And The Four Phases Of The Business Cycle

    1098 Words  | 3 Pages

    In conclusion, there are major economic factors that determine how fast and even if the economy will prosper. While microeconomics is important to the country, macroeconomics is just as, if not more important. Without looking at the economy as a whole, we will fail to see the the things that need to be worked on at the microeconomic level. If we failed to see that the country as a whole, had an unemployment level

    Read More

  • The Impact of Globalization in Belgium

    1162 Words  | 3 Pages

    Globalization becomes important today because increasing in depending to the world. Globalization can be determined as increasing in trade and exchange in open economy, integrated and borderless international economy (Intriligator, 2003). Globalization is often used to refer to economic globalization. The integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. Besides that, globalization also can be defined as process of greater interdependence among countries and their citizens. It consists of increased integration of product and resource markets across nations via trade, immigration and foreign investment-that is via international flows of goods and services, of people and of investment such as equipment, factories, stocks and bonds. It also includes non-economic elements such as culture and the environment.

    Read More

  • Response Paper: Environmental Identity

    1530 Words  | 4 Pages

    Ashlee Doyon Second Response Paper (Redo) Environmental Identity What is environmental identity? "Environmental identity, is how one views oneself in relation to the natural world. Environmental identity is part of the way in which one forms his/her self-concept and a sense of connection to some part of the nonhuman natural environment, based on personal history, emotional attachment, and/or similarity.

    Read More

  • Development Economics: Peet And Hartwick's Theory Of Development

    1681 Words  | 4 Pages

    There also seems to be disputes among the faction of society that believe that even if better living standards and conditions for its citizens are achievable, the question is what is the right method to take in order to achieve it. Development economics is a very interesting topic, as it tends to raise different important issues in the society. According to Peet and Hartwick, ‘it has the power to move people’ . As a result of this, many conflicts revolve around development and its usage because it varies from political agendas to social reforms as well as reasons that do not necessarily adopt the main goal of the term development. Development as a definition is supposed to mean a more level playing ground for all in terms of better economic conditions, yet some use development as a means to gain riches and

    Read More

  • Internal Barriers To Economic Growth And Development Essay

    778 Words  | 2 Pages

    Two internal barriers to economic growth and development are International trade and Political barriers. Barriers prevent and restrict development in some countries. While some things are barriers to economic growth some are barriers to economic development. In this case being international and having a political sense is a barrier to both thoughts. Change and the process of development is a multi-generational process.

    Read More

  • Organisations are Socially Constructed Phenomena

    2125 Words  | 5 Pages

    Organizations are instruments created to achieve other ends. The word organization which is derived from the Greek word ‘organon’ means a tool or instrument. Therefore, ideas such as tasks, goals, aims and objectives have become such fundamental organizational concepts. Organizations are a complex and paradoxical phenomena and there may be challenges in understanding them. Metaphor is a primal force through which humans create meaning by using one element of experience to understand another. The use of different metaphors lead to different explanations and theories of organizations helps us to think and see organizations from different perspectives. Each provides a certain view of the organization and can be convincing but it does not provide a clear picture of an organization. Therefore, by exploring the implications of different metaphors it is possible to understand the nature of an organization.

    Read More

  • The Relationship Between Economic Growth and Environmental Protection

    1701 Words  | 4 Pages

    There are at least four different research perspectives about the relationship between development and economic growth. Firstly, economic growth is the basis for social development. Secondly, economic growth and social development are not necessarily linked. Thirdly, both economic growth and social development are not basic causes by each other, but they depend on interaction. Fourthly, social development is the prerequisite for economic growth (Mazumdar. 1...

    Read More

  • Environment Managment Paradigms in New Zealand

    1518 Words  | 4 Pages

    Legislation aimed at protecting New Zealand’s environment and natural resources has been through countless reforms to better tailor it to the various discourses that surround environmental management. In Simin Davoudi’s (2012) reading “Climate Risk and Security: New Meanings of “the Environment” in the English Planning System”, Davoudi discusses that environment can be seen in various different ways, as local amenity, heritage ,landscape ,nature reserve, as a store house of resources, as a tradable commodity, as a problem, as sustainability and as a risk (Davoudi, 2012). Although, Davoudi’s typology relates to aspects of New Zealand’s environmental management paradigms, it fails to include some important aspects such as indigenous and community inclusion. Davoudi’s (2012) typology can provide for future guidance in the discourse surrounding environment as risk.

    Read More

  • The Negative Effects Of Global Warming And The Environment

    881 Words  | 2 Pages

    The environment is a significantly important asset to human. It provides various materials to use, fresh air to breathe, food to eat, water to drink, and energy to use. With more human interactions and activities, we have been harming environments and climates around us. These harmful effects lead to negative consequences to our human. For example, greenhouse gas emissions can lead to an asthma and many other health problems and cause a global warming. This is an example of a negative externality, which is a cost that affects a party who did not choose to incur that cost. Clearly, the greenhouse gas emission represents a negative externality to our economy because people who did not choose to incur the cost of emission but still being affected

    Read More

  • Factors That Contribute To Economic Growth

    1280 Words  | 3 Pages

    In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.

    Read More

  • International Development in Developing Countries

    2380 Words  | 5 Pages

    ...an overabundance of information all applicable to the topic. My feeling was that such an overwhelming load of facts and systems directed me away from the most important facts of the chapter. Its imperative that the student understands the small scale relationship to economic development. Therefore my attempt was to highlight the main topics of the chapter and relate them to the reader to provoke intrest and thought towards many of these important life changing situations that occur everyday. If one can see past all the theories primarily and see the cause and effects behind them, they’re appreciation for the ideas stated in the theories.

    Read More

  • Economic Growth Essay

    700 Words  | 2 Pages

    Economic growth is one of the most important fields in economics. In current generation economic is developing well. Economic growth is really important to country and for the world as well. Economic are one of the identity for country because it shows a country development and attraction for other countries (F, Peter. 2014). For example well economic develop such as Singapore, Dubai, New York, and Japan. These countries are well develop and maintaining their economic growths. Economic growths are really important because higher average incomes enables consumers to enjoy more goods and services. Then, lower unemployment with higher output and positive economic growth firms tend to utilize more workers creating more employment. Enhanced public

    Read More

  • Essay On Underdevelopment

    862 Words  | 2 Pages

    The root cause of this problem is said to be poverty, which is a big hindrance in the way of development. The Indian Government introduced a law in 2006, where no child under 14 years of age should work. But this law came into force in 2008. As per the said definition of underdevelopment, it can be said that there may be many factors leading to the developing country being called underdeveloped but the economy is something which captures the whole argument in any factor discussed.

    Read More

More about Organisations and Environment

Open Document