Definition of Economic environment:
The totality of economic factors, such as employment, income, inflation, interest rates, productivity, and wealth, that influence the buying behavior of consumers and institutions.
How to use Economic environment in a sentence?
- The economic environment resulting from the 2007 financial crisis created a great deal of fear amongst companies thereby limiting their capital spending budgets.
- Consumers are suffering in the current economic environment as high interest rates and low income are forcing homeowners to default on their mortgages.
- The economic environment was analyzed as it was concluded that our project would be successful considering we benchmarked the best company.
Meaning of Economic environment & Economic environment Definition