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S5C5A3 What are economic factors?


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Season/Course 5: Market Strategy & Framework

Chapter 5: PESTEL Analysis

Abstract 3

What are economic factors? Inflation, demand, and supply, interest rates, taxes, and recession all influence how much money people have to spend as well as the price of your products. These factors have a direct impact on the market as well as your customers. Let's understand this marketing concept in more detail in this episode.

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