Meaning of the word "economic environment" in English

What does "economic environment" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

economic environment

US /ˌiː.kəˈnɑː.mɪk ɪnˈvaɪ.rən.mənt/
UK /ˌiː.kəˈnɑː.mɪk ɪnˈvaɪ.rən.mənt/
"economic environment" picture

Noun

1.

the sum total of all the external factors that influence the economic decisions of individuals, households, and businesses

Example:
The company's growth is highly dependent on the current economic environment.
Changes in government policy can significantly alter the economic environment.
Learn This Word at Lingoland