The economic factor in the business environment does need to be wiser addressed in order to stay abreast of minimum wage.
What is an economic factor?
In a business environment, economic factors are factors that influence the performance the buying habits of the consumers and business for B2C and B2B business respectively.
From an economic standpoint, these factors pose a risk to the well-being of a business environment. These factors include:
- Supply and demand
- Inflation
- Interest rates
- Unemployment etc.
To stay abreast of the minimum wage proposed by the government to pay the employers, the economic factor in the business environment does need to be wiser addressed.
Learn more about economic factors here:
https://brainly.com/question/15265265
