Political and economic factors affecting international business

Economic Systems

Capitalism

Government planning is based on the market

Price is based on supply/demand

Tax cuts for corporations

Employees contribute in social security

Pro Free Trade Agreement

For privatization/deregulation

Price set by the laws of supply and demand

Mixed

Moderate government invention

Taxation is moderate and depending on social pay

Socially focused but free market economy

Liberals in Canada are an example

Socialism

More government involvement to take care of people

More taxes on businesses and wealthiest social profile

Employees contribute in social security

Cost of labour

Against Privatisation

Against Free Trade Agreement

Right wing

Trickle Down

Will not be able to adapt internationally

They will minimize their opportunity for expanding internationally.

They will prioritise local business over international business

Prioritize social status/class over equality

Support Supply side economics

Against Immigration

Left wing

Trickle Up

Support immigration

Encourage equality

Support Communism

International Business is supported