Question

Many people in Rhenasia spend less as there are only a few well-paid jobs in the country. Many businesses in the country are adversely affected as the purchasing power of consumers has drastically reduced. The organizational environmental characteristic that is affecting businesses in Rhenasia is associated with the _____.

Answer 1

Economy of country

Step-by-step explanation:

A system comprises of a few autonomous parts. therefore an economy comprises of every such organization which give business or job to the individuals. Creation produces income. For each rupee of merchandise and enterprises delivered, pay of a rupee is produced. Creation of products and ventures happens in various manners.

For example, creation is undertaken in farms, production lines, mines, shops, banks, railway, roads, streets, workshops, schools, medical clinics, film corridors, ships, aircraft, government and private workplaces, and so forth. Every one of these organizations which produce products and enterprises and subsequently give a living ( or pay) to the individuals are altogether called an economy.

On the other hand, we can say that economy is the gathering of creating units situated inside a topographical region of a nation. That is the reason we have Indian economy, American economy, British economy, Russian of Chinese economy which demonstrate the gathering of all delivering units (or salary creating units) situated inside the geological limits of the nations concerned.