Question

How business environment can be classified into different categories?

Answer 1

Business environment can be classified into two major categories:

Economic environment	Non- economic environment
It is related which consist of factors like fiscal policy, monetary policy, the industrial policy and nature of the economic system, the pace of economic development.	It refers to social cultural,political legal,factors,etc .As most of the business opportunities exist in the environment the environment provides both constraints constraints. constraints such as government regulations labour force etc and  opportunities.