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