Economic Environment

Economic Environment Questions with Answers

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Economic Environment Questions with Answers

Economic Environment Questions with Answers (Board Questions) Group A: Very Short Answer Questions 1. (2023 Fall Q. No. 2) List any five economic dimensions of an economy. Answer: The five economic dimensions of an economy are:i. Gross national incomeii. Per capita incomeiii. Income distributioniv. Inflation ratev. Level of employment 2. (2023 Spring Q. No. 2) … Read more

Economic Environment

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Economic Environment

The economic environment refers to the nature and direction of the economy in which a firm competes or may compete. In general, firms seek to compete in a relatively stable economy with strong growth potential. It is the most important environmental component of a business. The components of the economic environment are: Economic System An … Read more