STEEPLE_ANALYSIS

STEAPLE Analysis

A framework for assessing external factors affecting an organization, focusing on Social, Technological, Economic, Ethical, Political, Legal, and Environmental aspects.

GDP (Gross Domestic Product)

The total monetary value of all finished goods and services produced within a country's borders annually, serving as an indicator of economic activity.

Business Cycle

The recurring pattern of economic expansion and contraction, consisting of phases: expansion, peak, contraction, and trough.

Recession

A period of significant decline in economic activity, identified by two consecutive quarters of negative GDP growth, impacting employment and consumer spending.

Inflation

The sustained increase in general price levels, reducing the purchasing power of money and affecting cost of living.

Unemployment

The state of being jobless while actively seeking work; includes types like structural, frictional, and cyclical unemployment.

Exchange Rate

The value at which one currency can be exchanged for another, influenced by economic factors like interest rates and inflation.

Interest Rate

The cost of borrowing money or the return on invested capital expressed as a percentage, key for influencing economic growth.

Globalization

The growing interconnectedness of economies through trade and investment, leading to a more integrated global market.

Technological Innovation

The development and application of new technologies or significant improvements to existing ones, driving productivity.

Environmental Pollution

The introduction of harmful substances into the environment, adversely affecting ecosystems and human health.

Trade Policies

Regulatory frameworks governing international trade, impacting tariffs and agreements to protect domestic industries.

Business Regulations

Laws and guidelines businesses must follow to operate legally, impacting labor practices and environmental standards.

Fair Trade

A trade partnership ensuring equitable prices for producers in developing countries, aiming for sustainable practices.

Carbon Footprint

The total greenhouse gas emissions associated with an individual or organization, used to measure environmental impact.

Fiscal Policy

Government strategies on spending and taxation aimed at influencing economic conditions, including growth and employment.

Monetary Policy

Central bank actions to control the money supply and interest rates to achieve economic goals like inflation control.

Trade Deficit

When a country's imports exceed its exports, indicating a negative balance of trade that can affect currency value.

Balance of Payments

A record of all economic transactions between a country and the rest of the world over a specific period.

Tariff

A tax on imported goods intended to protect domestic industries and generate revenue.

Subsidy

Financial support from the government for specific industries to lower costs and promote stability.

Consumer Price Index (CPI)

An indicator measuring average price changes for a basket of consumer goods and services, used to gauge inflation.

Supply and Demand

The economic model showing the relationship between the quantity of a commodity available and the desire for it, determining prices.

Purchasing Power Parity (PPP)

A theory that adjusts exchange rates to ensure equivalent good prices across different countries in the same currency.

Economic Growth

The increase in goods and services production in an economy over time, typically measured by rising real GDP.