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The economic environment is determinined by the laws of demand and supply. When there is high demand of goods and low supply prices are likely to go up vice versa. These goods can either be money or goods in economy.
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What Business and legal and economic environment?
The ICFAI center for management research state that the global business environment can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities. This includes the social, political, economic, regulatory, tax, cultural, legal, and technological environments.The political environment in a country influences the legislations and government rules and regulations under which a foreign firm operates. The economic environment relates to all the factors that contribute to a country's attractiveness for foreign businesses.Every country in the world follows its own system of law. A foreign company operating in that particular country has to abide with its system of law as long as it is operating in that country. The technological environment comprises factors related to the materials and machines used in
What are the components of the general environment in business?
economic environment ..social environment and political environment
What is the economic function of the environment?
Answer
What factors determine a countries level of development?
there are many economic factors which effect the eco nomic growth likepovertyunemploymentbudget deficitlack of educationnot better use of resources
How economic environment of the business influences non economic environment?
Non- economic factors that affact business environment are 1. Regulatory environment 2. Socio cultural environment 3. Demographic environment 4. Technological environment 5. Political environment
What are the components and importance of economic environment?
The components of economic environment include economic conditions, economic systems, economic policies, international economic environment, and economic legislation. Each of these components rely on each other and decide the outcome of the environment.
What Business and legal and economic environment?
The ICFAI center for management research state that the global business environment can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities. This includes the social, political, economic, regulatory, tax, cultural, legal, and technological environments.The political environment in a country influences the legislations and government rules and regulations under which a foreign firm operates. The economic environment relates to all the factors that contribute to a country's attractiveness for foreign businesses.Every country in the world follows its own system of law. A foreign company operating in that particular country has to abide with its system of law as long as it is operating in that country. The technological environment comprises factors related to the materials and machines used in
What country have tradiTional economic system?
I've been doing this in society and environment at the momentsome are;Ethiopia.Uganda.Most traditonal economic system countries are living in third world conditions
What is determined by genotype and environment?
Phenotype
What are the components of the general environment in business?
economic environment ..social environment and political environment
What are the five key dimensions of the broader business environment?
The Economic Environment, The Social Environment, The Global Environment, the Technological Environment, and the Competitive Environment.
What is the economic function of the environment?
Answer
What determined the way a tribe lived?
its environment
How economic environment of the business influences non economic environment?
Non- economic factors that affact business environment are 1. Regulatory environment 2. Socio cultural environment 3. Demographic environment 4. Technological environment 5. Political environment
What factors determine a countries level of development?
there are many economic factors which effect the eco nomic growth likepovertyunemploymentbudget deficitlack of educationnot better use of resources
How is a country's wealth determined?
It is determined by the amount of Penises.
What is the macro economic environment?
It is the external environment of the business and it involves aggregate economic issues that means it looks at the economy as a whole.
