Australia PESTLE Analysis

The PESTLE Analysis of Australia depicts the various factors that influence the country. PEST analysis is a framework of macro-environmental factors used in strategic management's environmental scanning component. A 'political factor' would be stability and a healthy/positive business environment. The 'Economic Factor' would be that Australia's per capita income is high, the people's quality of life is high, and people spend well on various products that meet their needs. The 'Social Factor' would be that people in Australia are educated and care about society's overall growth, which is critical for businesses to create positive impressions on customers, and 2018 saw the highest CPI in the last ten years.