Answer to Question #265697 in Management for sunny

Question

Can you explain Political, Economic and Social forces which have had an impact on the business?

Answer 1

Political elements - both large and little 'p' political forces and influences that may affect the organization's performance or the alternatives available to it

Economic effects include the organization's or its services' competitiveness and the financial resources available in the economy.

Sociological trends include demographic shifts as well as changes in how people live, work, and think.