Economic factors - pest analysis of hotels, Other Subject

There are two ways to classify the economic factors they can be either put in the microeconomic criteria or macroeconomic criteria. Switzerland is the 5th strongest country globally in terms of economics and also finances. There are various aspects of economics, such as good consumption, distribution of services and lastly production. Development of any country depends on the level of economic force being rendered.

The economic factor here include the forecasted growth of the economy in the area, levels of unemployment, labor, globalization in the area around, setup of the new strategies for the economy by the government and distribution of the finances (Mind Tools, 2012) To begin with Switzerland, it is one of the strongest countries in the European Union. The gross domestic product (GDP) has increased by 0.7% in 2012. It has been proven

from the past, that Switzerland's economy has increased on an average of 0.4 % from the 1980's. The economy of Switzerland also faced a record-breaking increase of 2.1%. In 1989 the lowest fall in the history of Switzerland was in 2008, the decrease was by -1.1%. The above-mentioned factors help Switzerland in gaining a very low rate of unemployment and secondly the labor class is highly skilled. Switzerland has always been the best place to safeguard money of maximum foreign investors because of the bank secrecy policies they follow. To conclude by classifying the two main reasons for Switzerland's strong economy, it is the small size of the country and the high amount of skilled labors.

In terms of finance, commerce and industrialization Mumbai is the largest metropolitan city of India. The population is 15 million, which enables the city to be cosmopolitan and also very glamorous. It is through Mumbai that foreign investors invest in India. The population of Mumbai only accounts 1% of the overall population of India but economically the per capita income is almost three times more than India. It has been suggested by the UN that the population of Mumbai will reach 27 million by 2020, which will make Mumbai the second most populated city after Tokyo. It contributes around 32 million to the states economy and finances annually. Form the taxes point of view it contributes 50% to the state. Mumbai and the few regions around contribute approximately 20% to the GDP of the state. To conclude, all the economical factors, which affect the above mentioned organizations in terms barrier to entry in the market, economic stability, rates of inflation and a high level of season ability.

Posted Date: 3/30/2013 7:11:31 AM | Location : United States

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