Impact of economical environment on financial management
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The economic environment of a business is the external microeconomic and macroeconomic factors that can affect it. ... Of course, if taxes, interest rates and inflation are low, the business environment is safer for a new business.
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Macro environment factors affect a business in a many ways. The macro environment is a dynamic factor and keeps changing drastically, leading to an increase in avenues, competition and complexity. Efficient financial management calls for better financial decisions
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