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Legal – Legislations.
3. Economic – Boom/bust cycle, interest rates, taxation and Government expenditure.
4. Political – The Government and legislation.
5. Technological – Information technology.
Fig 1, Current environmental issues
Social: -
The social factors include population factors of age, occupation, lifestyle and wealth distribution. These can all have major impacts on businesses. Age population can determine whether people will travel close to home or further away, as younger people have families, which means there is a budget attached to their spending. Older people tend not to have a young family to cater for and have a larger disposable income...
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