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Globalization & econommic environment
1. Presented To :
Dr. C.P. Thakor
Asst. Professor
S.K.School of Business Management,
HNGU, Patan
S.K. School of Business Management
H.N.G.U , Patan
Presenting By :
Name Roll No.
Desai Dhaval 09
Pankhaniya Nikunj 33
Thakkar Manisha 45
Rabari Reshma 40
2. • Business :
Business is an economic activity, concerned
with the provision of goods and services with
an aim of earning a profit.
the industry is all about the production goods,
whereas commerce focuses on their
distribution of goods and services.
7. • 2) macro environment
– Economic environment
– Political environment
– Social environment
– Legal environment
– Technical environment
8.
9. Meaning of Globalization
Globalization essentially means integration of
the national economy with world economy.
It implies a free flow of information , ideas,
technology, goods & services, capital and
even people across different countries and
societies.
It increases connectivity between different
markets in the from of trade, investment and
cultural exchange.
11. • Export and Import of goods and service
become easier.
• Adaptation of new Technology.
• Increase export promotion scheme.
• Connect world wide economy
• Open economy.
13. Job insecurity
Loss of domestic industries
Unemployment
Transfer of natural resources
Dominance of foreign institutions.
14.
15. • The economic environment refers to all the
economic factors that affect commercial and
consumer behavior.
• The economic environment consists of
external factors in a business market and the
broader economy that can influence a
business.
16. •Factors Affecting the Economic Environment
Economic Systems:
Capitalist Economy:
no restrictions
private ownership of factors of production.
UAE
Socialist Economy:
characterized by government control and central planning
authority.
North Korea
Mixed Economy:
India