Question

What is Economics of Environment? Explain briefly​

Answer 1

Answer:

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.The economic environment is perhaps the most important aspect of a remote environment. In fact, economic environment is the potential for the success of the international trade. By economic environment, we mean domestic or national and international or global.The economic environment refers to all the economic factors that affect commercial and consumer behavior. The economic environment consists of all the external factors in the immediate marketplace and the broader economy. These factors can influence a business, i.e., how it operates and how successful it might become.

Explanation:

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