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Welco M e
Welco M e
m e
Topic
:
ECONOMIC
ENVIRONMEN
Submitted By:
T
BENSHA C SHAJI
HAFIZ SAIF
SUMANT
KUMAR
In this topic we are going to discus about the following
section
a) What is Economic
b) What is Environment
c) Structure of Economy
d) Various Environment Factors
e) Features of Economic Environment
f) Components of Economic Environment
g) Elements of Economic Environment
h) Classification of Economic Environment
i) Factors Affecting Economic Environment
“Man is a Social
Animal”
Born, brought up and and live untilAristotle
death in society.
Performs economic activities to satisfy his unlimited
needs with limited resources which have alternative
uses.
Economic
Social
Political
Cultural
Religious
What is
ECONOMIC ??.....
ECONOMIC means
“Pertaining to the production and
use of income”.
Primary Stage
Secondary Stage
Tertiary Stage
Quaternary Stage
1. Primary
Stage
It involves the extraction and
production of raw materials such as
corn, coal, wood and iron.
2. SecondaryStage
It involves the transformation of row
or intermediate materials into goods.
3. Tertiary
Stage
It involves the provision of services to
consumers and businesses such as baby-
sittin cinema and banking.
4. Quaternary Stage
It involves the research and development
needed to products from natural
resources and their Subsequent by-
Note
: Education is sometimes include in quaternary
stage
Various Environment Factors Such
as ;
1. Economic
2. Socio-cultural
Affect the business and its
3. Political Working. out of These
4. Technological factors economic
5. Demographic environment is
6. International
the Most important factor.
Features Of Economic
Environment
• Directly related with economic activities
• Impact of non economic factors
• Impact of basic infrastructure
• Impact of ideology of the people
• Availability of capital
• Economic disparities
• Economic planning
• Public morality
• Ideology of the Gotland economic system
• Directives of the Govt.
Components of Economic
Environment
Income and Wealth : Income in an economy is
measured by GDP,GNP, and Per Capita Income. High
values of
these factors shows a progressive economic
environment.
Economic Conditions
Economic Systems
Economic Policies
International/Global
Environment
Economic Legislations
Classifications of the Economic
Environment
Exchange Rates :
This impacts the price of imports the
profits made by exporters and investors
and employment levels.
Monetary and Fiscal policy :
This helps in attaining full employment price
stability and economic growth.
Thanks