What are the environmental issues factors, Managerial Economics

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Environmental issues factors

This is governed by the below factors:

The type of economic system of the country
Business cycles
Industrial policy of the country
Trade and fiscal policy of the country
Taxation policy of the country
Price and labour policy
General trends in economy concerning the production, employment, income, prices, saving and investment etc.
General trends in the working of financial institutions in the country
General trends in foreign trade of the country
Social factors like value system of the society
General attitude and significance of social organisations like trade unions, producers' unions and consumers' cooperative societies etc.
Social structure and class character of various social groups
Political system of the country

The management of a firm can't exercise control over these factors. So it must fashion the plans, programmes and policies of the firm as said by these factors in order to offset their adverse effects on the firm.

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