Organizations and EnvironmentThe dimension of the external environment that interests me the most is the economic dimension. Economics can be described as the social science that deals with the production, allocation and distribution of scarce resources in order to satisfy the unlimited wants and needs of individuals. Economics also studies aspects such as interest rates, inflation, gross national product and unemployment in order to predict the direction of the economy. Different elements of the economic environment have different importance. One of the most important elements of the economic environment is scarcity. The reality of scarcity is that the resources we use and must produce are limited, when in reality humans' needs and desires for goods and services are almost unlimited. This leads to careful thought about the production, allocation and distribution of resources. Costs are another key element in economics. Indeed, incentives influence everyone. Product costs will apparently be intended to incentivize people; costs will increase if the product is sold, but consumers may stop purchasing this product due to this price increase. People are influenced by changes in their personal costs and benefits (Gwartney and Stroup, 1998). Trade is also a key part of the economy. Trading is essential because it is very productive for everyone involved. If trade between countries didn't happen we wouldn't have what we want, it's essential to getting what we value most. Economic development continually occurs in conjunction with change, because economic development sometimes depends on change. Unemployment is a major problem that can seriously hamper economic development. It is essential that people of a certain age work; if they don't, the economy will suffer. It is understandable that the goal of "full employment" to which the government aspires is practically impossible, but mass unemployment hurts taxpayers and puts a strain on public services and the public treasury, as tax revenues will have to be devoted to provide for the needs of the unemployed. people receiving job search allowance. In addition, the unemployed are not productive because they do not contribute to the progress of the economy and since they do not receive salaries, there will be a lack of demand and spending on goods and services, which will affect businesses and will slow economic growth..