A qualitative evaluation of several key economic factors, undertaken in order to predict the success of a business venture or to evaluate the amount of risk involved in economic activities in general. The economic environment may include factors such as unemployment percentages, consumer confidence measurements, and the values of market indexes such as the S&P 500.
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Nov 10, 2012 ... This is a really important development for business students who need to appreciate the dynamics of the global economy to understand.