Question

The country Grupindor recently experienced a drastic increase in inflation. This led to the depreciation in the value of its currency and affected trade and business drastically. In the context of the general environment, this scenario best illustrates the effect of the _____ on organizations
A) technological changes in the country
B) political condition of the country
C) economy of the country
D) sociocultural aspect of the country

Answer 1

In the context of the general environment, this scenario best illustrates the effect of the economy of the country on organizations

Explanation:

The educational portion was concerned with the development, use and distribution of resources.

Simply put, the economy sees the world as a trade centre and controls the money stream, whereas the environment is studied in financial terms as a market. It also includes all the variables that influence the money stream.

A nation's total annual production is a percentage of its economic performance. The country's most usual monetary research relies heavily on financial indicators such as GDP and GDP per capital. While GDP is often beneficial, it only involves financial transactions that transact currency.