Section One - Operational Macroeconomic Factors
Economics is a multifaceted topic, which is integrated into businesses in different ways, while this is a large topic it can be dissected into two categories macroeconomics and microeconomics (Executive, 2011). Executive (2011) defines macroeconomics as the study of the overall economy which covers topics such as inflation, employment rates, and economic expansion. Macroeconomics examines multiple factors, which can affect multiple markets simultaneously (Executive, 2011). For example, the business cycle is a dynamic topic that can affect multiple economies thus making it a huge macroeconomic topic of concern. Executive (2011) defines the business cycle as period of expansions and recessions in which the United States has experienced since the nineteenth century. An expansion period is defined as a time when the production and employment totals ...
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Executive (2011). Executive concepts in business strategy. Boston, MA: Pearson Learning Solutions.
Ingram, D. (2011, September 07). The effects of minimum wage from a microeconomic perspective [Business and Workplace Regulations]. Retrieved from http://smallbusiness.chron.com/effects-minimum-wage-microeconomic-perspective- 4859.html
Odhiambo, N. (2011). The role of interest rate reforms in Lesotho: An empirical investigation. Journal of Applied Business Research, 27(4), 69-77. Retrieved from http://search.proquest.com.proxy1.ncu.edu/docview/880069378/131A7212E104929119B /3?accountid=28180
Veatch, W. S. (2008). Software leasing revisited: Proposal for a UCC article 2A “software finance license”. The Journal of Equipment Lease Financing, 26(3), 1-14. Retrieved from http://search.proquest.com/docview/214623771?accountid=28180
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