what is economical environment?

economic environment
Definition
Totality of economic factors, such as employment, income, inflation, interest rates, productivity, and wealth, that influence the buying behavior of consumers and firms.

In the past fifty years the global economy has changed rapidly
Generally there have been four major changes:
· capital movements rather than trade have become the driving force of the global economy
· production has become "uncoupled" from employment
· primary products have become "uncoupled" from the industrial economy and,
· the world economy is in control - individual nations are not, despite the large world economic share of the USA and Japan.

http://www.fao.org/docrep/w5973e/w5973e03.htm