If you want to build successful business you must know about economic factors that affect on your business.
international and domestic businesses are often affected by the economic conditions prevalent in the market. Economic factors have extremely high importance in business. Every changing factors in an economy affect the working of businesses.
Here are some most important economic factors That Influence Businesses:
Demand and Supply, Marginal and Total Utility, Money and Banking, Economic Growth and Development, Income and Employment, General Price Level, Trade Cycles, Inflation, Recession, Exchange Rate, Rate of Interest and Government Regulations
Companies should calculate their risks, opportunities and possibilities to handle effective business strategy.
