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Economic factors forsees the rate of economic growth

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Economic factors forsees the rate of economic growth, the interest rate and likely changes, tax rate and its likely changes, inflation rates and exchange rates; Social factors is of equal importance, factors such as religion and the impact it could have on marketing the product introduced to the general public, labour force, gender and their roles in the environment,possible environmental issues and language barriers; Technological factors explains that the world is dynamic and technology is introduced every time, thus determines the cost of production and allocation of resources.