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The economic development of business is affected by internal and external factors. An internal factors include the cost of labour, raw materials and proceduction. Where on the other hand, external factors which also affect a business environment are political, economical, social,legal and technological. Current businesses are affected by these factors as much as by the competitors.
Social factors
These factors are associated to the social structures such as behaviour or lifestyles of a population as well as by an age or gender, which are determining the buying particular patterns. Furthermore, the consumer's religion is important information for successful business management.
Legal factors
These factors are related to changes in laws and regulations which means that is important that the businesses consider the legal changes, especialy in the areas of consumer protection and environmental legislation and in the health & safety policies as well as in an empoyment law.
Political factors
These factors refer to the changes in the Government, which greatly influence the business,e.g firms which is operating in the European Union have to adopt policies and regulations created by the EU.
Technological factors
These factors provide great opportunities for the particular business to take on new innovations, which could help the business to reduce costs or develop new products. These factors have gained great impetus in the business arena due to new modern technologies available on the market through which can business reduce the cost and improve the service. Businesses should consider the latest technological products to stay competitive, but stay at lower cost of the production.
Economic facto...

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...economy of the country which can lead to an increase in aggregate demand as well as in the demand for labour and finally will lead to an increase in real GDP.
However, Nigel Farage, the UKIP leader would like to cut immigration in the UK. As well as he would not mind the lower economy growth. He said for BBC News:
"Actually, do you know what, I'd rather we weren't slightly richer and I'd rather we had communities that felt more united and I'd rather have a situation where young, unemployed British people had a realistic chance of getting a job."

However, net migration continued even despite higher unemployment rates 2008-13. There arises the question, if the high volume of net immigrants causing the high unemployment rates?

Migrants brought both an increase in supply of labour and higher demand for labour but did not caused an unemployment, but the recession.
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