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Btec Hm 51 External Business Environment

Page 1 of 11

Name: OUYANGJINLUN

Class:BTEC HM 51

Course Name: External Business Environment

Lecturer: Mr. Jonathan Lee


Table of Contents

1.1Structure and operation of the UK economy………………………………….3

1.2UK’s government economic policy……………………………………….........3

1.3 Employment distribution in the UK……………………………………………5

1.4 demographic trends that influence employment patterns………………….5

1.5The social structures of people employed……………………………………6

2.1The structure, operation and influence of local government……………….8

2.2The role and influence of the ASEAN……………………………………......9

2.3The role of pressure groups and their political influence…………………..10

2.4 The different between English law and Scottish law……………………….11

2.5 The legislative process as it affects business services industries in UK..11

3.1 The different types and characteristics of business in UK………………..13

3.2 In UK the legal process necessary for formation a company……………..13

3.3 Organizational structure of UK…………………………………………….....14

Executive Summary………………………………………………………………..14

Reference…………………………………………………………………………..15


1.1

Oligopoly is the state in which a small number of firms dominate and share a market. When such a state of the market appears, each oligopolistic firm has the most obvious trait of cooperating or competing profitably with other firms and the market under oligopoly monopoly it is the oligarchs that influence each other.

 Monopolistic competition is the seller selling similar but not identical products, price competition between products and other factors.

Perfect Competition is the number of buyers and sellers too much, the price cannot be controlled, all buyers and sellers want to maximize their own interests, all buyers and sellers’ data sharing, and are free to enter and exit the market.

Monopoly is an extremes, the market structure can also be a monopoly of a business change. The Monopolists in the market is free to change the product price and output. The conditions for the formation of a monopoly rely on their legally exclusive privileges, the control of the supply source or the cooperation of individual enterprises.

1.2

The British government has improved the employment law to protect workers' rights in order to increase employment opportunities and create a fresh labor market. Elderly people who support employment for the poor and disadvantaged, help long-term unemployed, help find jobs, or want to continue their workforce, require employers to take steps to retain older workers. In order to help laid-off or unemployed people return to work, the British government has taken the initiative to work with employers, enterprises and other units to re-employ people. Employment numbers are supported through welfare posts and the welfare system. As society develops, the British government will intervene and provide services or goods that increase consumer welfare. Government and private sector jointly manage economic affairs. Instead of competing for competition, the British government aims to supplement government revenue by providing infrastructure and services to provide economic development and activity in most areas. Regional education is provided by the government.

The British government has been reducing its participation in the economy and enhancing the role of the private sector in free economic markets. Britain is a mixed economy. With the development of society, the British government will intervene and provide services or goods that increase consumer welfare. The government and the private sector jointly manage economic affairs. Instead of competing for competition, the purpose of the British government is to supplement government revenue by providing infrastructure and services so that it can provide economic development and activity in most areas. Regional education is provided by the government.

1.3

The distribution of income in the United Kingdom can be analyzed from the following Gini index. We can see that the Gini index in the United Kingdom is very unstable and represents the unstable income distribution in Britain. In 2010, the British government successfully tried to make the domestic income distribution more evenly. In general, however, the incomes and taxes of the United Kingdom in recent years have caused the income distribution of British households to be more equal than before. According to a set of statistics, the richest households earn about 12 times more of their original income than the poorest households.

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