Question

What do
you mean by Economic Environment?
Describe the characteristics of Economic Environment​

Answer 1

Answer:

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Answer 2

Answer:

What do you mean by Economic Environment?

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).

What are the characteristics of economic environment?

The economic environment includes economic conditions, economic policies and economic system of the country. Non-economic environment comprises social, political, legal, technological, demographic and natural environment.

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