ECONOMICRISKMANAGEMENT, TRAINERANILMAURYA ,BESTBUSINESSCOACH
Objective of the E-BOOK CREDIT GOES TO BADA BUSINESS TRAIN ANIL MAURYA To learn how to manage economic risks Key Learnings from the Video 1. Economic Risk The economic/investment risks occur due to changes in business conditions or government policies and this is called economic risk. There are two types of economic risk: i. Macroeconomic Risk This refers to the risk arising due to global economic changes such as economic policy changes by the US, UK, etc. This type of risk occurs due to the factors that are outside the control of a country and impact your business operations in that country. ii. Microeconomic risk This refers to the actions/events in your country that affect your business operations. For example, if you are in steel trading business, then fluctuation in the price of the steel is a microeconomic risk. This type of risk affects the foreign operations of your company. Economic risks can "suddenly make your business unsustain...