Textbook Notes (368,122)
Canada (161,660)
Philosophy (210)
PHLA10H3 (66)
Chapter 2

Chapter 2 Notes

5 Pages
74 Views
Unlock Document

Department
Philosophy
Course
PHLA10H3
Professor
William Seager
Semester
Fall

Description
Chapter 2 Notes External Environment everything outside an organizations boundaries that might affect it Economic Environment - conditions of the economic system in which an organization operates - business has an inside (us) a boundary and an outside (them) Typical Environments: Economic environment Technological environment Social environment (diff customs) Political environment Legal environment Three Key Goals of the Canadian Economy 1. economic growth produce more of wants, ppl spend more, profits-> better SofL 2. economic stability 3. full employment Measure Economic Growth aggregate output standard of living gross domestic product productivity Growth Means: -Produce more -Being more efficient Threats: inflation, deflation and unemployment Business Cycle pattern of short-term ups and downs (expansions and contractions) in an economy Recession- period during which aggregate out-put, as measured by real GDP, declines www.notesolution.com
More Less

Related notes for PHLA10H3

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit