ENTREPRENEURSHIP

Detailed explanation-1: -The international economic environment can be described as the global factors that are outside of the control of individual organizations but that can affect the way that businesses operate. These factors include unemployment rates, inflation rates, and labor costs.

Detailed explanation-2: -What is an example of economic environment? The United States is an example of an economic environment. Factors like consumer spending, inflation, interest rates, and consumer behavior all interact to form an economical system.

Detailed explanation-3: -The economic environment of the business is one of the external factors that can influence strategy and decision-making. Economic factors include GDP, exchange rates, taxation, interest rates, fiscal policy, monetary policy and inflation. The business cycle is an important tool for understanding how the economy works.

Detailed explanation-4: -These factors include cultural and social influences, legal issues, demographics, and political conditions, as well as changes in the natural environment and technology.