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Economic context are elements of the global, national or local economy that impact an organization, group, team or individual. This is an example of external context meaning that you have little or no influence over it. However, you can adjust strategy such as spending, cost control, inventory, hiring and layoffs in response to economic factors such as customer demand. The following are common examples of economic context.
Business Debt Levels | Business Inventories | Capital Markets | Consumer Confidence | Consumer Debt | Consumer Savings | Costs | Deflation | Demand | Economic Depressions | Economic Growth / GDP | Employment Level / Unemployment Rates | Exchange Rates | Financial Conditions - e.g. how easy it is to get a loan | Government Debt | Government Spending / Fiscal Policy | Hyperinflation | Inflation | Labor Markets | Market Prices | Recessions | Speculative Bubbles - i.e. high asset prices | Stagflation | Stock Markets - e.g. it is generally more difficult to raise money in a bear market | Supply | Taxation |
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Type | | Definition | Elements of the global, national or local economy that impact an organization, group, team or individual. | Related Concepts | |
Context
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