Significance of economic environment
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Significance of Economic Environment :
Explanation :
- Economic development is a process of various activities that help to improve the quality of life and well-being.
- It helps in improving the country's economic and social conditions.
- The Economic Environment and development depend upon the Human Development Index, which measures the quality of life.
- It is a long-run process that occurs as an economy's output increases.
- Hence, the Economic Environment and its development are very essential for the overall development of an economy.
To know more about Economic Environment, visit :
Elements of economic environment- https://brainly.in/question/13622356
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