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Three Ways to Influence Country's Economy Essay

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Below is an essay on "Three Ways to Influence Country's Economy" from Anti Essays, your source for research papers, essays, and term paper examples.

Under the influence of the economic crisis and the European crisis within the year of 2008 and 2009 respectively,the economy in Europe has experienced the extended downturn.No matter in which areas has stricken hard and the car industry is no exception.In recent year,the European has tried to save their car sale volume and change the decadent situation by introduced many polities and strategies.Such as reduce the staff-trimmer,close the factory,stop production,reduce the research grant and shorten the operating scale,however,it seems not effective enough.Based on these phenomenons,we decided to use the Britain as an example to be more specific to analyze the car industry situation.By using PEST analysis,we drew three perspectives which influence the country most,these are the lower purchasing power in economic factor and the taxes in political area as well as the peoples' ideas among social environment.

The reasons for lower purchasing power

Mang people lose their job because of the stagnant economic circumstances.Even though the government made a lot effort on that problem and the number of unemployed people did decreased,the new jobs being created pay low wages,like cleaning.More specifically,the growth rate in wage experienced the upper trend with some fluctuation.During the period of 2008 to 2010,the number was decreased dramatically and then increased to approximately 450.In the meantime,we can see that the sale volumes in British seems stayed increased in each years,however,it rely too much on their export.This resulted in the lower purchasing power,and the inflation.Because of inflation (albeit it has been low recently) people have less money to spend.In other words,car has became the luxury goods and when people face with the expenditure of durable goods and non-durable goods,they tend to the latter.Here it is noteworthy that until the year of 2012,everything began to get better,from the growth of labor cost,weekly wage to production capacity....

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