Economic and Legal Factor

ECONOMICAL, LEGAL FACTOR IN internationalistic championship. SUBMITTED BY: Aon Mohammed Maniar Sneha Dhatrak Varun Raj admission TO ECONOMIC ENVIRONMENT/FACTORS: economical dust refers to the structures and the processes that guide the stemma of business activities that lead to the production of goods and services consumed by the members of a society. The stinting system tummy be characterized according to the take to which the government or backstage idiosyncratics are allowed to act upon frugal decisions guiding production. At champion point government stack owns and controls all production resource s, resulting in a centrally be after preservation and on other hand private individual are allowed to sham the majority of scotch decisions, olibanum describing a capitalist society.

Hence the difference in damage of who makes economic and production decisions, multinationals need to be aware of these issues when employed in international business. KEY ECONOMIC FACTORS THAT INFLUENCE INTERNATIONAL BUSINESS: * General framework * Economic stability * neat markets * Factors endowments(land,labor,capital) * Market size * Economic infrastructure TYPES OF ECONOMIC clay: * Capitalist or Market economy It refers to ! an economic system where production activities are decentralized to private-property rights holders who carry bring disclose these activities for the purpose of making profits in a belligerent market. In other words capitalist societies private individuals make most economic and production decisions and the government does not frame in in in such matters. For example of capitalist economies overwhelm the unite Kingdom, Canada, Hong Kong, and the USA. * Socialist or Command economy Is one economy where...If you want to get a full essay, mark it on our website: BestEssayCheap.com

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