1)Name two or more global issues that will likely shape the development of macroeconomics in the twenty-first century.

2)What global developments have caused financial, social, and ecological sustainability or restoration to become increasingly prominent as macroeconomic concerns?

3)Explain how the following sub-environments of the macro environment impact an organization/business:

1. Economic environment

2. Technological environment

3. Socio-cultural environment

4. International environment

1)Some global issues that will likely shape the development of macroeconomics in the twenty-first century are as follows :-

1. Climate change :-

Climate relared hazards can affect the economy as they deplete the human resources. Million of deaths occur due to climate change around the globe. Prevention of climate hazards makes use of a huge economic cost. Reduction in greenhouse gases can be a good move towards achieving a good climate. If the climate change is not seen as an issue it would degenerate the shape of global economy.

2. Poverty and Inequality :-

Poverty reduces the economic stability and leads to the depletion of a country's economy. Poverty eradication is still an issue even in the developed world. Poverty creates a less stable environment. Inequality is an issue which arises along with the poverty. People with higher income are generally considered as the upper class while the uneducated people are unable to earn and remain in the lower classess.

2)In the present time, new developments require new ways to emphasize the economic world. In the recent days, loss of income and homes have possibly led to financial crisis. Deep and intense financial concerns are arising in many parts of the world nowadays. Unequal distribution of resources and power are destorting the shape of global economy.

Until the use of greenhouse gases won't reduce, the world will face dangerous climate changes and will affect the agricultural activities and water supply. Nowadays, due to progress in the academic field and well-structured employment status, the development is on its start. Reconciling the ecologogical sustainability and restoration, with complete and proper employment in the living ways is as prominent as macroeconomic concerns.

3)1. Economic Environment

Two economic factors affect business models: 1) demand and 2) supply. Demand is how able and willing a consumer is of buying what a business offers, while supply is the ability of a business to meet consumer needs. Money in circulation directs consumer demand. On the other hand, banks determine how much businesses and consumers can borrow.

Another key economic aspect that affects a business is the rate of income and employment found in start-up companies. The rate of employment regulates demand and the purchasing power of individuals.

2. Technological Environment

Technology as an important tool for improving business operations, especially when it comes to developing digital marketing strategies through which companies can sell their products and services. When an employee is more efficient, he or she is more productive, and when a business is more connected with its customers, the more chance it has of building a strong customer loyalty base.

3. Socio-Cultural Environment

Socio-cultural factors include social attitudes, beliefs, educational opportunities, legal structures and political ideologies. Here, the focus is on family members, friends, colleagues and the media, which can affect individuals' attitudes, choices, interests and opinions. Cultural factors that affect business include fashion and lifestyle trends, often inspired by blogs and other forms of social media. These can lead to an increase in demand for certain goods and services.

4. International Environment

Businesses interested in taking their products and services to the international level typically conduct research as to which countries will offer the most favorable labor conditions opportunities for profit, taking into consideration factors like inflation, interest, investment and savings rates. Governments can help international businesses by enacting polices that promote globalization.