Economic Environment Case Study:
Economic environment is a set of factors which create a single picture of the financial situation in the country. Economic environment touches upon every important element and phenomenon of economics and on the basis of the analysis of all the factors it is possible to understand the condition of economics of the country. First of all the economic environment analyzes the problem of employment and the percentage of the unemployed people. The factor is very important, because all the serious problems in the society, like poverty, epidemics, crime, suicides, etc occur because of unemployment. Next, the factor of inflation also plays an important role in the distinguishing of the economic environment of the country, because if the inflation is high, the condition of the economics can not be called favourable and one should take many efforts to maintain the effectiveness of economics and production. Continue reading