In short, these are the factors that depend on individual reputation in the community. var prefix = 'ma' + 'il' + 'to'; Viral and host factors Virus proteins. Human resource management is a subsystem of an organization as a system. As of December 2018, it has a total population of approximately 125.3 million. Other socio-cultural factors to focus on are: Changing family patterns in USA and Europe Consumer preferences Changing work patterns Changes in lifestyles of population The level of education of the population in localshow more content The industrys saturation is moderately high with a monopolistic competition structure. Learn how we can make your work easier. The global economy is one of the biggest external factors that will, at some time, affect your business. Participation of women in education, politics, and other areas of life is praiseworthy. //-->. Small, midsized or large, your business has unique needs, from technology to support and everything in between. A large, youthful population and a strong export sector await expanding businesses, with a potential consumer base that far outstrips most other nations in the world. //