Balance Of Payments
Business, Government and International Economy
The business environment of a firm is the totality of external circumstances which the business faces and over which it has little or no control. The business environment of a firm includes
1. Market forces with their associated uncertainty
2. Forces of demand and supply originating from the rest of the world
3. The government policies
4. Nature i.e. the environmental factors
Now, the scenario is changing. Indian market is getting connected to global market:
1. Appreciation of rupee
2. Change in policies. The country turned into an open economy
3. Change in technology
4. India has missed industrial revolution by indulging into services industry.
5. Stock market boom
Above are some of the changes taken place in the past few years in the Indian economy which is making it more close to the international economy.
With the economy opening up globally, trade has been the centre stage of all human development. The dollar,......
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Approximate Pages: 5 (250 words per double-spaced page)
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