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Managerial Economic

Some of these tools include SWOT and PEST that provide a good analysis of the factors that affect a business.The economic investigation involves an all-inclusive study of nationwide, regional, and global economic trends and performance, represents an exceedingly important phase in the development of strategy planned, set up, and rising businesses. Economic factors have a straight impact on the possible attractiveness of a range of business ventures. Economic analysis results in indications on various variables including shifts in nature of economy availability of credit, spending inclination of people, the extent of disposable income, inflation rates, interest rates, deficits in the government, trends in gross domestic product, consumption predictions, joblessness trends, fluctuations in foreign currency, stock market patterns, shifts in demand of various products and services in diverse locations, trade-in export and import, price indexes, fiscal policies, financial policies, and tax rates, in addition to economic policies of the rest of countries and regions such as the European Economic Community and COMESA (Gandhi, 2008, p. 1).The U.S and global economies have been hit by extended severe distortions due to the recent worldwide recession. Consequently, businesses struggled and resorted to staff cutbacks, with a number of small, medium, and big businesses being forced by circumstances in the economy to close (Manalastas, 2009, p. 2). The U.S. housing collapse is a clear case of how unfavorable economic factors could topple huge businesses and enterprises. Many of displaced staff are now being forced to become self-entrepreneurs to continue living, with the U.S. becoming further entrepreneurial day by day. This development strengthens the significance of analyzing economic factors that influence forces before and throughout the line of any business.

Managerial Economic