BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The economic environment consists of an economic system, economic policies and economic conditions prevailing in a country.

Detailed explanation-2: -Political environment comprises those elements that are related to government affairs in the type of government in power.

Detailed explanation-3: -The macro-environment can be affected by GDP, fiscal policy, monetary policy, inflation, employment rates, and consumer spending.

Detailed explanation-4: -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. These factors are often beyond a company’s control, and may be either large-scale (macro) or small-scale (micro).