Business Environment Defined
Business environment is the sum total of all external and internal
factors that influence a business. You should keep in mind that external
factors and internal factors can influence each other and work together to
affect a business. For example, a health and safety regulation is an external
factor that influences the internal environment of business operations.
Additionally, some external factors are beyond your control. These factors are
often called external constraints. Let's take a look at some key environmental
factors.
External Factors
Political factors are governmental activities and political
conditions that may affect your business. Examples include laws, regulations,
tariffs and other trade barriers, war, and social unrest.
Macroeconomic factors are factors that affect the entire economy,
not just your business. Examples include things like interest rates,
unemployment rates, currency exchange rates, consumer confidence, consumer
discretionary income, consumer savings rates, recessions, and depressions.
Microeconomic factors are factors that can affect your business,
such as market size, demand, supply, relationships with suppliers and your
distribution chain, such as retail stores that sell your products, and the number
and strength of your competition.
- 4.Describe the occupational structure of the Indian economy.
I. Introduction: Indian economy consists of three important aspects. They are agricultural, Industry and services. The working population derives their income by joining various occupations.
II. Occupational structure meaning: People earn their incomes by doing different kinds of jobs for their livelihood population among different is known as occupational structure.
III. Occupational structure- Its types : The occupations are of three types. They are :
1. Primary sector
2. Secondary sector
3. Tertiary sector.
1. Primary sector: Primary occupations include agriculture , fishing, plantations mining and allied activities. Food grains and raw materials are produced in the primary sector.
Over the last eight decades, the working population in agriculture had not fallen below 63% where as it is only 3 to 6 % in advanced capitalist countries like USA, UK and Japan.
2. Secondary sector: Secondary occupations include manufacturing operations in industries both large and small and construction activity. The working population in the secondary and Tertiary has marginally increased to 37 % during the same period. But it is around 90 to 97 % in the advanced countries.
3. Tertiary sector: This sector generated occupations in such services like banking, commence, communications, computers, and other professions.
IV Conclusion: Hence, we can say that, the occupational structure of India shows the backwardness of the Indian economy.
