Explain Porter's ?Ve Forces Model with an Example

question 63

Essay

Explain Porter's ?ve forces model with an example.

---

Definitions:

Taxes

Obligatory fiscal dues or alternative forms of impositions placed on taxpayers by a governmental body to support government expenditures and multiple public costs.

Fiscal Policy

Government policies related to taxation and spending that are used to influence economic conditions.

Aggregate Demand

The all-encompassing desire for goods and services within an economic framework, set against a particular uniform price level over a given interval.

Government Purchases

Expenditures by the government sector for goods and services that it intends to consume or invest in as part of its economic activities.