What Do Economic Forces Include? How Do They Affect the General

question 44

Essay

What do economic forces include? How do they affect the general environment of the organization? What are the challenges that they present to managers?

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Definitions:

Poverty Rate

The percentage of the population living below the national poverty line, indicating the extent of poverty in a country.

Absolute Number

An absolute number is a value expressed without any reference to other data, representing a quantity on its own.

Poverty Trends

The patterns or changes in levels and rates of poverty over a period of time across different regions or population groups.

Poverty Rate

The percentage of a population that lives below the poverty line, which is the minimum level of income deemed necessary to achieve an adequate standard of living.