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Tax payments aren't shown in the simplified version... Roles of the government and international trade are not shown.

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Q: Name one economic interaction that isn't covered by the simplified circular?
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what is the more economic fuel leaded or unleaded?

leaded fuel is economic compared to unleaded because more distance is covered with leaded than unleaded


Who makes decisions about which news items will be covered?

Publishers and producers


What is extralegal trade?

Trade that is not legal or not covered under existing regulations.


How does a perfect market influence output?

Each firm adjusts its output so that its cost, including profit, are covered.


What is the political and economic climate and how do they affect the market?

PoliticalThe first element of a PEST analysis is a study of political factors. Political factors influence organisations in many ways. Political factors can create advantages and opportunities for organisations. Conversely they can place obligations and duties on organisations. Political factors include the following types of instrument:- Legislation such as the minimum wage or anti-discrimination laws.- Voluntary codes and practices- Market regulations- Trade agreements, tariffs or restrictions- Tax levies and tax breaks- Type of government regime e.g. communist, democratic, dictatorshipNon conformance with legislative obligations can lead to sanctions such as fines, adverse publicity and imprisonment. Ineffective voluntary codes and practices will often lead to governments introducing legislation to regulate the activities covered by the codes and practices.EconomicalThe second element of a PEST analysis involves a study of economic factors. All businesses are affected by national and global economic factors. National (and global) interest rates and fiscal policy is set around economic conditions. The climate of the economy dictates how consumers, suppliers and other organisational stakeholders such as suppliers and creditors behave within society. An economy undergoing recession will have high unemployment, low spending power and low stakeholder confidence. Conversely a "booming" or growing economy will have low unemployment, high spending power and high stakeholder confidence.A successful organisation will respond to economic conditions and stakeholder behaviour. Furthermore organisations will need to review the impact economic conditions are having on their competitors and respond accordingly. In the current business world, organisations are affected by economies throughout the world and not just the countries in which they are based or operate from. For example: a global credit crunch originating in the USA contributed towards the credit crunch in the UK in 2007/08.Cheaper labour in developing countries affects the competitiveness of products from developed countries. An increase in interest rates in the USA will affect the share price of UK stocks or adverse weather conditions in India may affect the price of tea bought in an English café.A truly global player has to be aware of economic conditions across all borders and needs to ensure that it employs strategies that protect and promote its business through economic conditions throughout the world.

Related questions

Why are sand dollars circular?

Sand dollar's circular appearance is due to it's hard shell like structure called the Test that is circular. the test is covered by the spiny skin.


What are examples of the wheel and axle?

Wheels are a circular object and an axle is a shaft that goes through a wheel (simplified description) So a old west covered wagon had two axles and four wheels Motor cycles have two of each So do Bicycles The London EYE is a wheel with an axle


What is area covered by a circular rug whose radius is 160 centimeters?

1.62 pi m2


What is the distance covered when a cyclist rides halfway around a circular track with the radius of 140M?

879.645943 Meters.


What does the ferris wheel look like?

circular, covered with fancy lights, and rotating on its side, and with seats hollowed out in spheres


An athlet completes one round of a circular track of diameter 200m in 40s what will be the distance covered and the displacement at the end of 2 minutes 20s?

Distance covered - 2199m Displacement - 200m Distance covered - 2199m Displacement - 200m


what is the more economic fuel leaded or unleaded?

leaded fuel is economic compared to unleaded because more distance is covered with leaded than unleaded


What did the timucua house look like?

The Timucua lived in thatched roof houses made of poles and palm leaves. These houses were typically raised on stilts to protect against flooding and had open walls for ventilation. Inside, the houses were divided into separate sleeping and storage areas.


A circular field is covered with snow A black cow with white spots is in the middle Two white cows with black spots are at the edge of the field What time is it?

12pm


What is a rotunda?

A rotunda is a building with a round ground plan. Many rotundas are covered by domes. The word is also sometimes used to refer to a circular room in a building.


What is Rotunda?

A rotunda is a building with a round ground plan. Many rotundas are covered by domes. The word is also sometimes used to refer to a circular room in a building.


How much does a circumcision doctor make a year?

A cut below the belt. [Is this circular reasoning?] ________ It is roughly $300, and it is NOT covered by medical plans in the US, for obvious reasons.