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M3 Legal and social factors have impacted on the two contrasting organizations for the Hinckley and Bosworth council and Jenkins builders In this report I will I be comparing and analyses how political, legal and social factors have impacted on the two contrasting organizations For Hinckley and Bosworth council is public Leicestershire local county council and Jenkins Building. SOCIAL CHALLENGES One of the social problems that Hinckley council and Jenkins Building they will need to think about their services this means that both business have had to change the way of thinking of how to gain more profit and try to introduce more products to encourage the customer to buy it as well they have to look the way they are approaching with…show more content…
INFLATION In economics, with the inflation is a rise in the actual general level of prices of goods and services in an economy from over a period of time. When the general price level rise, such as each of the units currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power4 per unit of money. This therefore means that with the loss of real value in the medium of exchange and unit of account within the given and actual economy. With a chief measure for example and the price of inflation is within the given inflation rate, the annualised percentage change within a general price index over time in which is normally the consumer price index. It’s within a matter of degree to in which is 25% inflation and in which is much worse than 5% inflation. Some countries (for example, Russia and Serbia) have recently had hyper-inflation in which is with their prices rising by up to 1000%. With low inflation, such as the 2% or so the UK has at present, is not a real problem for them to solve. With the UK it has had a big problem with inflation in the past; it rose to 28% in the late 1970s. This caused significant problems with their growth and also with their employment issues. The memory of this time makes the government very determined now to keep inflation under control. Instead of saving, consumers may start borrowing. £10,000 borrowed now will buy lots of things,
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