Economic characteristics

It must be the perspective of the industry, not the company. Use point form (1-2sentences). What are the strategically relevant factors in the macro-environment? Must have variables, the significance of each to the industry and overall strategic implications of the macroeconomic environment
 PESTEL Political – focuses mainly on how the political influences impact the industry, and how they can positively or negatively affect its business operations and activities. Below are the political factors that have a far-reaching influence on the business industry (pg8). a) Increased number of business and trade restrictions b) The emergence of strict and new environmental regulations and restrictions c) The continual and constant change of labor laws – this has negatively impacted its business operations d) Impositions of governmental rules and intervention within the inner workings of the businesses Economic factors – focus on the influencing and determining economic factors on business operations.