Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 3SQP
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Question
With the help of a concrete example explain the macro environment of a business organization
Expert Solution
Step 1
Macro Environment:
The factors that are external to the firm or organization and an organization can not influence these factors directly. Thus, such types of factors are known as the Macro environment.
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