Economic forces
Name
Economic Forces
Description
Development in the world and national economy that would affect the creation of software.
Enablers
- Government policies (fiscal and monetary)
Government policies determines the condition of economy.
- Technology Industry
If the industry is dominant part of the economy then its condition will have effect on economy.
- Dergulation and Investment
The foriegn direct investment depending upon the type of investment and industry of investment will effect the economy of the country.
- International trade
Each economy depend upon the trade balance created by import and export.
- Education level
The education level drives the industrial and economic growth of the country.
- Globalization
Globalization effect on the following aspects of economy viz., flow of capital, goods, services and people, demand and supply elasticity.
Inhibitors
All the forces acting as enablers for economy can act as disablers too, under certain condition. For example
- Technology Industry
A fall of industry can inhibit the growth of industry.
Paradigms
Nil
Experts
Timing
The forces affecting economy continuously change.