Unit 4 Business Environment
Investigate the economic, social and global environment in which organisations operate
Resource issues and types of economic system: basic economic problem, effective use of
resources; type of economic systems — command, free enterprise, mixed, including
transitional economies, public and private sector initiatives; private finance initiatives
Government policy: fiscal policy in the UK, monetary policy in the UK; MPC, industrial
policy in the UK; social welfare policy in the UK; economic growth, economic
performance/indicators influence of the CBI TUC stakeholder and interest groups, the
influence of the global economy — trends, uncertainties, growth, impact on the economy,
UK multinationals, World Bank
