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PEST analysis
Political factors: The political factors include laws and regulations in the market and this influences the market activities. These laws and regulations also protect the rights of the consumer and maintain the efficiency of the market in Australia.
Economic factors: The economic conditions directly affect the purchasing power and it also affects the business in terms of recession or slowdown because consumer spending decreases that time and it affect the demand.
Social and cultural factors: A social and cultural factors helps to meet the requirements and needs of the customers. This will focus on building healthy and friendly services as people are very health conscious so that will increase the fitness level of the people and involvement as well as participation of the people.
Technological factors: This helps to focus on adopting new technologies and creating new awareness among the customers. Internet will help to introduce new ways to increase the market capabilities. Thus it will provide excellent opportunity and improve the business
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
Characteristics of prisoners dilemma
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
TC = Q3 – 8Q2 + 68Q + 4, get the median and mode
What is use of analytical tools in the modern economics? Analytical Tools: Modern economics also gives different powerful analytical tools which are usually specified by geo
the definition of exceptional supply curve
can you help me figure out how to create a graph with little or no information
What is Deflation? Deflation in economics refers to reduce in the general price level, i.e. the nominal cost of goods and services as well as wages reduce. As, it is an opposi
sources of oligopory
Economic growth and Economic development: Economic Growth refers to an increase in real aggregate output (real GDP) reflected in increased real per capita income.A country is
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