Factors that influence a business environment

 

Factors that influence a business environment


Bilateral: The exchange of political, economic or any goods between two countries.

 

Tariffs: A tax put on a particular country when importing goods.

 

Embargo: An official ban on trade or any other commercial activity with a particular country.

 

Recession: A sharp decline in a country’s economy.

 

Inflation: A general increase of goods and services. Everyday things become more expensive.

 

Sanctions: These are either commercial or financial penalties applied by a country or state on another state or country.






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