Macro Environment
Macro Environment
Macro Environment
Economic Environment
Economic environment is very dynamic and complex in nature. It does not
remain the same. It keeps on changing from time to time with the changes
in an economy like change in Govt. policies, political situations.
Economic factors which have their affect on the working of the business is
known as economic environment. It includes, employment, income, inflation, interest rates, productivity, and wealth, that influence the buying
behavior
of
consumers
and
institutions.
The political environment can affect a business either positively, or negatively, depending on the prevailing situation in a country.