RAJAKIYA ENGINEERING COLLEGE AZAMGARH

Presentation on :Current economics

management
Submitted By : Rupendra Patel Submitted to :Dr. Ambrish Singh
Branch : civil engg.
Roll no. : 1773600043
 What is
ECONOMIC ??.....
ECONOMIC means
“Pertaining to the production and
use of income”.

Main Economic Activities : Money earning and Spending

What is
ENVIRONMENT ??........
Circumstances, Influences, Economic,
Natural,
Political, Regulatory and Technical
factors that effects the survival,
operations and growth of an
organization is called
Environment
Economic
Environment
Those economic factors which have their
affects on the working of the business is
known as Economic Environment.

• It includes system, policies and nature of an

economic trade cycles, economic resources
Level
in income, distribution of income and wealthe
etc…..
Structure of
Economy
In modern economic phases are somewhat
differently expressed by 4 degrees of activity.

• Primary Stage
• Secondary Stage
• Tertiary Stage
• Quaternary Stage
1. Primary
Stage
It involves the extraction and
production of raw materials such as
corn, coal, wood and iron.
2. SecondaryStage
It involves the transformation of row
or intermediate materials into goods.
3. Tertiary
Stage
It involves the provision of services to
consumers and businesses such as baby-
sittin cinema and banking.
4. Quaternary Stage
It involves the research and development
needed to products from natural
resources and their Subsequent by-
Note
: Education is sometimes include in quaternary
stage
Various Environment Factors Such
as ;
1. Economic
2. Socio-cultural
Affect the business and its
3. Political Working. out of These
4. Technological factors economic
5. Demographic environment is
6. International
the Most important factor.
Productivity : This is the output generated
from a given amount of inputs. High levels
of
productivity supports the economic
environment
Elements of Economic
Environment
It has five main components

• Economic Conditions
• Economic Systems
• Economic Policies
• International/Global
Environment
• Economic Legislations
 Classifications of the Economic
Environment

Micro Economic : It includes the economic environment

of a particular industry firm or household and its
primarily concerned with price determination of
individual factors .
The main consideration from a microeconomic perspective
is the efficient allocation of resources. This is necessary
to maximize total output.
Macro Economic : It includes all the economic factors
totality. The main consideration here is the
determinations of the level of income and employment
in the economy.

Over the course of the 20th century the focus

has shifted from cities and countries to the
global economy being the chief economic
unit