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Describe, discuss, and analyze the four factors listed below:
1. Macroeconomic factors that influence the operations of the company
2. Microeconomic considerations relative to the company
3. Legal considerations relative to equipment leases and e-contracts
4. Employment and labor law influences as the company grows both domestically and internationally

940 words with references

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https://brainmass.com/economics/applied-economics/economics-356862

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The response addresses the queries posted in 1336 words with references.

// Micro and Macro factors both are important areas of concern for the business organization as both factors directly influence the company's growth, performance and competitiveness. In this section of the paper, we will discuss macroeconomic factors that influence the company's operations. Along with, microeconomic considerations have also been depicted in this. A thorough study of this section provides a good knowledge of micro and macro factors that influence a company.//

Macroeconomic Factors

The operations of the company are greatly influenced by the macroeconomic factors as these factors are concerned with the whole economy and basic sub aggregates, like government policies, political system, production, economic conditions and so on. Macroeconomics reflects the current market conditions and thus, the knowledge of macroeconomic factors help to identify factors and evaluate their influence on the business. There are various macroeconomic factors that affect operations of the company.

Inflation: This is one of the macroeconomic factors that influence the operations of a company. Any changes in the inflation (i.e. increases or decreases) will affect the product and service prices, and ultimately the cost of production. Likewise, an increase in inflation rate will raise the product prices along with the wage rate of employees. This will in turn, increase the production cost for the company.

Economic Growth: The operations of the company are greatly affected by a country's economic growth/prospects. As such, the demand of a product and service offered by the company is directly based on the economic growth or GDP growth in terms of changes in income level, raw material prices, and natural tragedies. The reduction in the GDP rate will decline the demand for the company's product or service (Fernando, 2011). As a result, the company will suffer lower revenue and profit growth.

Interest Rate: This is another macroeconomic factor, which will largely influence the business. An increment or decrement in the interest rate induces higher interest expenditure for the company and individuals as a whole. The company needs to pay off higher interest ...

Solution Summary

The response addresses the queries posted in 1336 words with references.

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Short answer questions in economics: economics, market economy, command economy,supply and demand

Questions (also attached):

1) What is economics?
2) What types of things are considered in economics? What is not?
3) What role does economics play in your personal decisions?
4) What are the advantages of a market versus a command economy?

1. What is the difference between the shift of and a movement along the demand curve?
2. What is the difference between the shift of and a movement along the supply curve?
3. How do shortages and surpluses develop?
4. What types of shortages and surpluses affect you either personally or in your work environment?

2. Answer the following questions:
a. What causes the changes in supply and demand?
b. How do shifts in supply and demand affect your decision making?
c. List four key points in the study of economics.

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