You are: Home > Business bank > External environment

External environment

Introduction

No business can isolate themselves from the external economic environment. Business has to take account of government economic policy, regulations and the state of the economy. In this section, the Virtual Bank advises you on how to make the best of all these factors. We explain relevant concepts and theories and also give you some worksheets to see how well you understand them all.

Follow the links below to the area you would like to look at in more detail:

Government policy - in this section we look at the different types of government policy, fiscal policy, monetary policy and supply-side policy.
Role of the Bank of England - in this section we look at how the Bank of England manage interest rates in the economy and the effects that these changes may have on businesses.
Economic indicators - what do all the different economic indicators mean and how important are they to businesses?

Each section has explanations of relevant theories and worksheets to help reinforce understanding.