What Is an Economic Environment?

The economic environment is the external socio-economic conditions of corporate marketing activities, including consumer income levels, consumer spending patterns and consumption structures, consumer savings and credit, economic development levels, economic system regions and industry development status, and degree of urbanization Kinds of factors. The size of the market depends not only on the number of people but also on effective purchasing power. The purchasing power is affected by various factors in the economic environment. ^[1]

Economic environment

Right!

The economic environment is the external socio-economic conditions of corporate marketing activities, including consumer income levels, consumer spending patterns and consumption structures, consumer savings and credit, economic development levels, economic system regions and industry development status, and degree of urbanization Kinds of factors. The size of the market depends not only on the number of people but also on effective purchasing power. The purchasing power is affected by various factors in the economic environment. ^[1]

National economic policy

The economic environment of an enterprise refers to the socio-economic conditions and operating conditions, development trends, industrial structure, transportation, and resources that the enterprise faces. Is an important factor restricting the survival and development of enterprises. ^[2]