Business

Social-cultural indicators

The social-cultural indicators selected include; Life expectancy, Educational attainment rate, Inequality rates, and Unemployment rates.

The social-cultural factors selected represent the society's face of the four countries. The unemployment and educational attainment rates are contributing factors to the inequality rates of income in the four countries. The life expectancy rate is the average number of years that individuals are expected to live in the four countries. The attainment of life expectancy rates depends on the quality of life that people have in the four countries.

Compared to the four countries, Canada has a high life expectancy, which means Canadians have a more top quality life than the other three. The United States America inequality rate of 51%, which can be attributed to the high rate of unemployment among the four countries despite having a high percentage of people who have attained at least college education.

Among the four countries, the best one to start a business in America since it has an educated population and high unemployment rate, which means that there is a massive pool of both skilled and unskilled labor. Tanzania is the worst to start a business due to the low education attainment rate, which means that it lacks a pool of skilled labor.

Technological indicators

The technological indicators selected include; average mobile bandwidth, technical inventions, technology companies started by locals, and renewable energy use.

The technological factors chosen can tell the technical position of the four countries. Among the four countries, the USA and Canada are advanced technologically than Iran and Tanzania. USA and Canada have high internet speed, make use of renewable energy, and a considerable number of Americans and Canadians have technological inventions on their names while others own technology companies.

Tanzania and Iran lag in terms of technology possible due to the limited investments the respective governments inject on technology education. Tanzania has no internationally recognized technology invention on its name. Iran is an oil-rich country; it uses oil products as the primary source of energy, hence putting little effort into producing renewable energy.

The USA and Canada are the two best countries to start a business in while Iran and Tanzania do not have technology capability to support modern-day business practices. Starting a business in Tanzania and Iran would be a disadvantage since one cannot appropriately take advantage of e-commerce platforms. Among the four countries, America and Canada are much far from Tanzania and Iran. The USA and Canada's social and technological status is very high compared to that of Tanzania and Iran.

From the analysis, the thing that surprised me is the unemployment rate in Tanzania. I expected it to be higher than that of the three countries. The reasons that I found for the indicators support the indicator value, and I agree with the risk levels. The question that I have about the countries is about the rates of access to health care facilities and how technology education is incorporated into their school curriculum.

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