A PESTLE analysis is a framework to analyze the key factors (Political, Economic, Sociological, Technological, Legal, and Environmental) influencing an organization from the outside. It offers people professionals insight into the external factors impacting their organization. Political factors include tax policy, environmental regulations, trade restrictions and reform, tariffs, and political stability. These factors determine the extent to which a government may influence an industry or a company. Economic factors include economic growth/decline, interest, exchange, inflation and wage rates, minimum wage, working hours, unemployment (local and national), credit availability, and cost of living. Use EdrawMax Online to create a PESTLE diagram as this free online PESTLE maker offers thousands of templates and provides you with a fully-customization option.