Wilson 3 conceptions of business environment:
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The circular flow of income is a neo classical economic theory model depicting how money flow through the economy. In the simplest version t... -
Inflation may be defined as a persistent increase in price overtime. In other words the rate of inflation is measure by changes in the purch...
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1. LE PEST C Model: Logical Forces: Government domestic and international rules and regulation. Ecological: Ecological concern e... -
There are various causes of inflation. The most concerning causes are – 1. Increase in cost of labor that are not liked to increase in labo...
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Explicit: It usually referred to as a cartel, price are fixed and output or sale are allocated to each member for the cartel. Example: Organ...
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By structural change we mean how the variance sectors in an economy have changed, it gives some broad definitions of these sectors. Primar...
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Porter argues that “understanding industry structure must be the starting point for strategic analysis”. The collective strength of 5 pro... -
1. On driving course of international trade is natural benefit between two countries. 2. Variations in the cost of production constitute i...
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In simple sense international trade means the exchange of goods and services approach the international borders. In broad sense, internati...
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Common Economy: In a common economy the question of allocative resource are answer by the state. The state decide decision the volume of re...
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