the market(3)
- Created by: alexialexi
- Created on: 21-12-20 00:31
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- The Market
- Innovation and Market Growth
- Economic Growth
- global living standards rise
- people have more money to spend
- global living standards rise
- Innovation
- businesses create new wants and needs and meet them with new products
- through tech research and development
- marketing techniques can be used to develop new wants
- crowd funding and peer-to-peer websites provide unsecured loans
- businesses create new wants and needs and meet them with new products
- Social changes
- changes in society can have a large impact on markets
- Changes in legislation
- new laws affect markets
- examples: environmental legislation, sugar tax, ban on tobacco- advertised, tighter laws regarding laws
- Demographic changes
- changes in the structure of the population can affect market size
- population is aging
- markets grow as population gets bigger
- Economic Growth
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