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What Is Economic Environment? Importance,And Challenges

Definition: The economic environment refers to the overall economic conditions prevailing in a particular country or region. It includes factors such as: Key Components: 1. Macroeconomic Factors:– Gross domestic product (GDP)- Inflation- Unemployment- Interest rates- Exchange rates- Consumer sentiment- Business confidence 2. Industry Factors:– Market demand- Competition- Technology- Regulation- Globalization 3. Global Economic Factors:– Global […]

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