+44 7400010488 help@instantassignmenthelp.com
Save 51% on Expert-Crafted Assignment Solutions!

Business Environment Sample

University: Teesside University

  • Unit No: 14
  • Level: Diploma
  • Pages: 4 / Words 1122
  • Paper Type: Assignment
  • Course Code: N/A
  • Downloads: 23739

Table of Content

  1. INTRODUCTION

INTRODUCTION

Economic systems play a crucial role in enabling organizations to operate effectively. These systems encompass various measures of structuring and organization. In the context of the UK economy, organizations have significantly contributed to creating an appropriate business environment that supports economic operations in the market. Changes in unemployment levels in the UK over the past decade are influenced by both microeconomic and macroeconomic policies typically associated with companies.

Given the diverse roles within economic forces, many companies have explored methods to motivate employees and enhance production across different functional areas within an effective system. This includes sectors such as consumer goods, machinery, and technology development, all of which play key roles in driving efficient production within organizations.

Economic systems operating within UK economy:

Economic systems particularly deliver distinct aspects altogether defined allocation and provides for effective utilization and working towards these activities (Das, 2013). Basically the countries adopts three general types of economic system which are free market, planned market and mixed markets and while operating in these markets, monitoring and supervision is done by the government. Through taking policies which are generally formed through the centre, these possess minimum impact on the markets and control of economic resources with the private sector (Davies, 2010). Goods and other services supplied are directly determined through price mechanism. Within UK, market structure present looks on flow formed from these decisions. UK Unemployment has been also looked on for supply and demand functions.

With relating to free system , issues comes out concerning different pictures like production of goods and service and required infrastructure which is mainly composed of neutralizing the needs associated with growing population (Caulkin, 2003). Due to impact of global recession and looking on to increasing population of UK has also been related to free systems and issues directly coming out from concerning different aspects of organizations and ultimately relating to infrastructure being mainly associated through with neutralized needs mainly associated with growing population. Planned economy basically consists of broader aspects reflecting the dominant role attached with government in formulation of policies. Planning out for economical activities are basically linked with private sector having major involvement in the other accumulation of economies assignment writing services.

Planned economies and their impact:

With economies related to Europe following more of planned economies being related to countries associated to UK. These economic systems looks on more broader advantage which present gap related to employment and consistently providing into implementation of policies and through other resource which are directly aligned on with increasing needs and expectations of people (Verbeke, 2013). Mixed economies basically consist of mixture of all the other systems operating. Factors covering both socialism and capitalism are included within such economic systems. Directly working on the global scenarios, many countries present are employing these systems. Mixed economic system directly focuses on dividing the resources of country with the needs of both government and private sector. Participation of private sector through continuous encouragement and effective utilization of resources directly focus on gaining the economic profits attached to the whole country. Countries such as UK are adopting on mixed systems (Rogers and Sedghi, 2013). Benefits generally associated to these present systems links on effective co-ordination directly delivering private and public sector through maintaining economic balance of country.

Microeconomic and macroeconomic theories and models:

In this part includes impact of Microeconomic and Macroeconomic Theories and models of Business Environment.

The most familiar method of measure economic through per capital income . which is simply national income .if high and rising level of per capital income then national income is also high and well being. On the other hand if per capital income is low then national income is also low.

Govt. always try to reduce unemployment rate of nation but some direct and indirect factors are effects:

Direct Effect -

Fall In National output : workers belong to production (Walter and Sen, 2011). If supply is low then workers of company are effected thus result is rise the unemployment just because of fall in output of nation.
Loss of personal income : those person who are not working anywhere they lose living standard just because of less income and loss their personal income for expenses. Unemployed persons have less purchasing power.

Indirect Effect-

  • Negative Multiplier effect: unemployed persons not able to spend money on goods and services and therefore supply and demand will not rises of company in the market and company don't want to hire new employees in the company for production and management.
  • Loss of Tax Revenue: If income is low or nothing then people not come in tax limit and Govt. not earn taxes from company so the Govt. changes the rules in tax deduction on direct taxes or indirect taxes on company and individual also . So unemployment will rise n rise from the taxes also (Frank and Bernanke, 2004).

CONCLUSION:

Microeconomic and macroeconomic concepts related in understanding economic changes and other defined human resources for their allocation related to employment within companies. Models discussed in respect of current economic scenario operating with directly aligning altogether different measures that relates proper utilization and growth of human resources. Unemployment within UK has directly attached with affecting national growth.

Grab the best Academic Assistance
in just one click

 Free Samples Order Now Assignment Help

REFERENCES:

  • Bolton, G.E and Croson, R.T.A., 2012. The Oxford Handbook of Economic Conflict Resolution. Oxford University Press.
  • Boyes, W.and Melvin, M.,2012. Microeconomics.edi.9th.Cengage Learning.
  • Burling, J.and Lazarus, K., 2011. Research Handbook on International Insurance Law and Regulation. Edward Elgar Publishing.
  • Calandro, J and Lane, S, 2006. "An introduction to the Enterprise Risk Scorecard", Measuring Business Excellence. 10(3). pp.31 - 40.
  • Carroll, A.and Buchholtz, A., 2008. Business and Society: Ethics and Stakeholder Management.7th ed. Cengage Learning.
  • Das, S.C., 2013. "Corporate social reporting and human resource disclosures: experiences from insurance companies in India". Social Responsibility Journal. 9(1). pp.19 - 32.

You may also like

Effect of financial incentives on workers motivation
Feasibility of (Talent Hunt) Recruitment Agency
Brief Sample on Restaurant Business Plan
Joy Coffee and Beans Cafe
Environmental Analysis in Organisation
Imortance of Marketing in Business Management
Sample on Business Law
Different Objectives of Business Law

Download Full Sample
Students have a lot of academic burdens these days that make them seek online assignment help from experts. Therefore, we have created an exclusive list of sample for almost every subject. Our highly qualified experts curated it for your assignment, essay, and dissertation help. So what are you waiting for? Explore the content written by our professionals and go ahead and seek essay writing services UK from our experts. The best part is they are available 24*7 to provide excellent assistance. So, what are you waiting for? Ask our experts, "Can you do my assignment for me, please?" You will see the magic happening in an instant.
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price

SHP4.8

    FOR FIRST ORDER GET EXTRA 25% OFF

    Use Our Seasonal Offers!

    Get Up to 51% OFF

    Coupon Code

    INSTANT25
    Claim Now

    Our unique Features

    24/7 Customer Support

    100% Customer Satisfaction

    No Privacy Infringement

    Quick Services

    Subject Experts

    Innovative Documents

    100+ Qualified Writers

    For Best (Accounting) Assignment Help

    Ryan Plath
    1344 - Completed Orders
    Ryan PlathView Profile Hire Me
    Annastacia Wilson
    213 - Completed Orders
    Annastacia WilsonView Profile Hire Me
    Jacob Miller
    890 - Completed Orders
    Jacob MillerView Profile Hire Me
    Kary Brooks
    3742 - Completed Orders
    Kary BrooksView Profile Hire Me
    View All Writers
     
    IAH whatsapp

    Limited Time Offer

    Exclusive Library Membership + FREE Wallet Balance