Macroeconomics and Indicators

A detailed Summary of Macroeconomics and Indicators


Just like many macroeconomic indicators directly affect a firm's potential profitability, similarly for Hayes which is an automotive wheel firm, these indicators produce a similar effect. Most common of these indicators are the Gross Domestic Product, Inflation and Unemployment. With the effect of these conditions, organizations of any type need to work and plan accordingly to keep up their sales and profits. They are competing with various organizations of the same type from around the world and it's important for them to analyze different factors so as to ensure their existence.

Gross Domestic Product (GDP) is the total value of services or completed goods that are produced within a country. The most common way to calculate GDP is to add the consumption, investment and exports and from it subtract the imports. That wo


Inflation is another macroeconomic indicator that affects the profitability of the firm. Inflation would mean an increase in the prices of any stated product. Inflation in automotive wheels would mean a general increase in its prices. If inflation is general then that means an increase in prices generally. With increased prices, the prices of raw material and labor increase, thus forcing an organization to increase its product prices. Moreover health care insurance premium for the employees increase as well and practically it has been seen rising at a faster rate than general inflation. In such a situation, any organization should analyze and increase its prices in line with the general inflation rate.

uld give the GDP of any nation. Higher consumption levels would increase the GDP thus proving to be beneficial for any firm e.g. Hayes. Due to globalization, Hayes

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