Explain what is the economic environment, the technological environment and the cultural environment.
Remark: Comparative Business Ethics subject
Expert Answer
Economic environment is the environment in which business operates and it also has a great influence. the total number of economic factor such as employment, income, inflation rate, interest rate and all that which influence the buying behaviour of the consumer.
Technological environment means development in the field of technology that affect the business by new invention in the production and also there is another improvement in techniques to perform the business.
Cultural environment means the environment which affect
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