Question

What Is Macro Environment Of Business

Answer 1

Explanation:

A macro environment is the condition that exists in the economy as a whole, rather than in a particular sector or region. In general, the macro environment includes trends in the gross domestic product (GDP), inflation, employment, spending, and monetary and fiscal policy.

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Answer 2

The macro environment of business basically refers to the macroeconomic components or variables that affect the overall business/commercial operations or activities in any country or economy.

Explanation:

• In Economics or Business,the macro environment of business constitutes  the macroeconomic or the broader aspects or components of the economy that affect the normal business or commercial activities or practices in any country or economy.
• Some of the prominent examples of the macro components or attributes of business commonly includes GDP level,inflation rate,overall employment level,aggregate consumer demand,various monetary and/or fiscal policies.
• Therefore,macro environment of business generally analyzes the broader or wider aspects or factors of the entire economy that can currently or potentially affect the overall mechanism of business or economic operation in any country or economy.