Economic Factors | Definition | Top Factors Affecting Business

In this video on Economic Factors, here we discuss the top 10 economic factors that affect the business and economic development along with example.

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐅𝐚𝐜𝐭𝐨𝐫𝐬?
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Economic factors are factors affecting the economy, including interest rates, tax rates, regulations, policies, salaries, and governmental activities.

𝐄𝐱𝐚𝐦𝐩𝐥𝐞𝐬 𝐨𝐟 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐅𝐚𝐜𝐭𝐨𝐫𝐬
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There are several examples of economic factors, some of which are the following:-

Tax Rate
Exchange Rate
Inflation
Labor
Demand/ Supply
Wages
Law and policies
Governmental Activity
Recession

𝐓𝐨𝐩 𝟏𝟎 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬
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#1 - Interest Rate
#2 - Exchange Rate
#3 - Tax Rate
#4 - Inflation
#5 - Labor
#6 - Demand / Supply
#7 - Wages
#8 - Law and Policies
#9 - Government Activity
#10 - Recession