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Assess how businesses are affected by the economic systems in which they operate. Provide an example...


Assess how businesses are affected by the economic systems in which they operate. Provide an example to illustrate your response.

Business   Operations-Management   
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Answer #1

Economy system is the environment for a business to grow and business reacts or prosper if the economic system suits it and business collapse if the economic system of a given country is not suited the company. Economic environment can be considered under the Macroeconomic factors of the economics. Economic environment plays a vital role in seeing how a business responds to the consumer and vice versa.

Eg. Google is not able to expand much in China due to a non-favorable business environment in CHINA for Google's way of working.

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