Critical elements of social environment
Describe Critical Elements Of Environment And Explain The Relationship Between Business Environment And Economic Environment?
The relationship between business and the environment
Critical elements of environment are: Physical and institutional framework of environment, functioning of the economy, planning and programme of economy, economic policy statements and legislations, economic problems and prospects & fluctuations and trends in the economy...
Business environment is a wider term. Its a totality of factors which is beyond the control of an individual enterprise.. While business environment has 2 major categories : A. Economic Environment and b. Non-Economic environment. Economic environment includes income, inflation, recession, employment/unemployment etc while non economic environment includes social, political, cultural, legal and technological factors..
Business environment is a wider term. Its a totality of factors which is beyond the control of an individual enterprise.. While business environment has 2 major categories : A. Economic Environment and b. Non-Economic environment. Economic environment includes income, inflation, recession, employment/unemployment etc while non economic environment includes social, political, cultural, legal and technological factors..