Political

Question 1

What does Political mean in PESTLE?

Answer 1

Government actions that impact strategic and functional decisions made by businesses

Question 2

What are types of political factors?

Answer 2

Instability(If a business expands in a falling economy , Legal framework

National Security(Government maximise social welfare may restrict on people good and capital)

Major trading partners(Trading blocs )(International and multinational)

Changes in government(Different government , Different views , Perception)

Pressure groups(Just stop Oil, greenhouse gases, Tobacco)

Question 3

What are some political aims and objectives by the government?

Answer 3

Stable low Inflation
Steady economic growth
Balance of payments equilibrium
High employment

Question 4

What is fiscal policy?

Answer 4

Manipulation of government spending, taxation , government borrowing to impact economic activity)

Question 5

What is monetary policy?

Answer 5

Manipulation of interest rates, Money supply , exchange rates impact economic activity)