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