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ECONOMIC FACTORS - Coggle Diagram
ECONOMIC FACTORS
MACRO
Economic Growth
Increased labour productivity
Increased aggregate production
Adding Capital to economy
Deflation
Lower price of competitor's products
Interest rate fluctuation
Fluctuation in demand
Fluctuation in Share market
Downfall of share market
Increased share price of competitor
Impact of Global market
Inflation
Increased cost of supplies and raw materials
GOVERNMENT
Funding policies
Taxation Policies
Economic Policy
Restricting product supply - law enforcement - Amazon Ring
Intervention in price control - Amazon Ring
Penalty and Compensation - Amazon Ring
Global market
Foreign exchange rate fluctuations
Price fluctuation of shares in global market
MICRO
Demand and Supply equilibrium
Over supply of good - decrease in prices
High prices
Stable prices
COMPETITORS
Increased supply of similar products
Decreased demand of Amazon's product
Decreased price of similar products
Decreased demand of Amazon's product
Better quality - Adding Value to money
Increased demand of other product
Discounted products
Decreased demand of Amazon's product
Competition
Pure Competition
Undifferentiated product and services
More sellers to offer same products
OTHER FACTORS
Fluctuations in demand, prices due to media and news
Finance
Expensive - high interest rates
High working capital cost