Introduction to Business Environment

INTRODUCTION TO
BUSINESS
ENVIRONMENT

Table of content
 Introduction
 MAIN BODY
 CONCLUSION
 REFERENCES

INTRODUCTION
 Business environment can be defined as that environment in which the
organizations are dealing in. It also comprises of the various internal and external
factors that are affecting the working conditions of various firms.
 The internal factors consists of competitors, suppliers, stakeholders and many
more. External factor that can affect business re political economical social and
many more.
 Present report will lay emphasis on the impact of fiscal and monetary policies on
the activities of business. It will also present how the economy of United
Kingdom will be formed.

Meaning of economy
 An economy of a country can be defined as the big combination of the activities
related to production and consumption which aids to determine that how scarce
the resources can be given to particular region.
 Economic condition of the region defines that how scares the resources can be
allocated.

Explain how the economy is formed
 The economy of the United Kingdom is highly developed and market oriented.
The economic condition of any country is being measured by analyzing its gross
domestic production.
 It has been analyzed that business and conditions of market can be a big part of
UK economy.
 There are various components that make-up economy of United Kingdom. These
can be businesses and financial institutions, consumers and labors, government
and many more.

Explain what is meant by Fiscal Policy
 Fiscal policy can be defined as that policy in which
the government is involving in settling the levels of
spending and tax rates so that the government can
keep a check on nation’s economy.
 Monetary policy can be termed as the sister strategy
to fiscal policy. Both monetary and fiscal policy is
of most importance for the country. Fiscal policy
can put an impact on the money supply of nation.