Explain in detail the importance of Political, Social, Economic and Cultural factors of a country. Explain how...

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Economics

Explain in detail the importance of Political, Social,Economic and Cultural factors of a country.
Explain how Covid-19 have impacted these factorsglobally

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DearStudent1 Political FactorsThese included mobilizing available public resources to augmentwhat private citizens are doing to help the poor and vulnerableworking on some of the national macroeconomic levers to sustainbusinesses and discussing with international creditors aboutcancelling or rescheduling repayments of some of theirdebts2 Cultural FactorsTrade will also be affected by changes in production patternsOver the last two decades the thrust for improved efficiency andproductivity has driven manufacturing as well as many serviceindustries towards minimizing costs3 SocioEconomic Factorsbudget deficits accumulate into government debt and currentaccount deficits accumulate into foreign debt The model imposes See Answer

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