BUSINESS ENVIRONMENT

Business Environment

Business Environment

Difference between the UK and US mixed economy systems and explain how the economic systems within the UK and your chosen country attempts to allocate resources effectively.

Mixed economies possess different characteristics of working in the market. The United Kingdom is one of the world's biggest mixed economy and has reduced the public ownership of the last couple of decades. United Kingdom was the one to industrialize in the eighteenth century; however, the economy has moved towards the service industry more. This sector has been improved and boosted by the policies that the country has set and has ensured that the main service industries i.e. tourism, banking, insurance and business service emerge successful in the country (Taylor, 2009, pp. 550-555).

On the other hand, one of the most successful economies is the United States. This economy has proved itself successful and is one of the most biggest ecobnomies in the world. It is important for the economy to make sure that the impact of industries is not huge and does not impact the economy in a negative manner.

Discuss the impact of current fiscal and monetary policies of the present UK government on the economy and business in the UK in general.

The fiscal policy reaction to the financial crisis started in the late 2006-2007 in the United States, which took the global and then moved to the realm of real, causing more or less energetic, a common response from the administration, legislative and monetary authorities of most countries. Responding to the crisis has been revised maintaining throughout the period after World War II global discussion on the purpose, eligibility, forms and methods and the scale and stabilization policy. Extremely difficult to systematize preached on the occasion of the current crisis polarized opinions, since clashed supporters and critics of the intervention.

Explain how the policies might affect your chosen company

Evolution of stabilization policy Economics is the science whose views on many fundamental issues of change on a regular basis. After the euphoria of new ideas often return to earlier views. There is probably a better example of this phenomenon than assessment of economic stabilization policy, which experienced the ups and downs of the Second World War. The stabilization policy, especially with the use of fiscal instruments commonly been invoked in the 50s and 60s years produced, sustained for decades, as a massive wave of criticism. Among the major schools of macroeconomics there is substantial compliance if as for the basic objectives of stabilization policy, which has come down to a low unemployment and thus high employment and rapid growth of production, low and stable inflation (Taylor, 2008, Pp. 1- 19). The point at issue is, however, possible, and the desirability of using macroeconomic policy to mitigate fluctuations term and thus the achievement of the stated objectives. In the discussion on economic stabilization is still alive is a dispute between supporters of classical and Keynesian economics, pooling followers the active involvement of the state in economic processes, including short-term, who ...