The IPM examination system provides a unique route into professional personnel practice. The "Management Studies" series forms the essential reading for all IPM students. Management Studies I provides practical introductory texts ideally suited to students on the Professional Management Foundation Programme while Management Studies 2 covers the core subject areas of the IPM Stage 2 syllabus. All these texts will prove equally useful for practising managers who wish to enhance their understanding of contemporary management techniques and methods. In this students' text, David Farnham sets out the major features of the corporate environment in contemporary Britain: the different sectors of the economy; changing population patterns and social structures; the political and legal systems; the nature of markets and the price mechanism in the mixed economy; international trade; the different schools of economic thought; the impact of interest groups; the state of employment and consumer protection legislation.