Question

industrial environment and their role in economy​

Answer 1

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• The term economic environment refers to all the external economic factors that influence buying habits of consumers and businesses and therefore affect the performance of a company.

• These factors are often beyond a company's control, and may be either large-scale (macro) or small-scale (micro)

Answer 2

Answer:

An industrial environment is a term used to describe working conditions that may be outside of optimal. Industrial environments are usually more harsh than normal work environments, such as an office. ... Most industrial environments are warehouses, plants, manufacturing or fabrication facilities.

Industrialization promotes capital formation as crucial catalyst of economic prosperity. Truly, industrial development brings in good profit and more income which in turn leads to greater saving and investment