it consists of economic conditions ,economic policies, industrial policies and economic system
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ECONOMIC ENVIRONMENT
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The Economic Environment.
Explanation:
The economic environment has a direct and most significant influence
on the business. The survival, growth, and success of a business organization entirely depend on the economic environment.
Meaning: The economic environment majorly consists of economic conditions, economic policies, and economic systems. The basic economic philosophy, infrastructure, national income. money supply, saving stages in economic development, and trade cycles are also considered major factors which make up the total economic environment.
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