The environmental factor that comprises of inflation, employment income level and interest rate is described as____________
Answer Details
The environmental factor that comprises of inflation, employment income level and interest rate is described as economic. This is because the economic environment refers to the overall economic conditions in a country or region, including factors that influence the production, distribution, and consumption of goods and services. These factors can have a significant impact on businesses, as they affect consumer behavior, purchasing power, and overall market conditions. Therefore, factors such as inflation, employment income level and interest rate are considered economic factors as they directly impact the economic conditions of a region or country.