the fiscal environment comprises ___
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Explanation:
Physical environment consists of non-living or abiotic components. ... Land, air and water form the physical environment. Human beings, animals, plants, trees and other living creatures form the biological environment.
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The fiscal environment consists of financial/ monetary aspects.
Explanation:
- The fiscal environment can be defined as anything that affects the business or any organization in a financial manner or its financial planning.
- It can include the monetary policy of the government, the lending rates of the banks, the flow of money, the economy of the country, and like factors.
- The fiscal environment has a direct impact on the financial planning of any organization. From budgeting to the profits earned by the organization, everything is affected by the fiscal environment.
- The fiscal environment is dynamic and keeps on changing regularly and rapidly.
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