SYNTHESIS OF ECONOMIC ENVIRONMENT AND CLASSIFICATION LEVELS OF DEVELOPMENT

Economic environment is actual and influences business activities significantly. Economic environment includes microeconomic and macroeconomic factors. These factors assist in encouraging business and promote trade and investment activities. This work aims to illustrate those factors, their characteristics and how do they support international business activities. This paper also is intended to reveal the indicators used to classify countries’ development for instance BOP, GNI, GDP and GNP. As a result, it also demonstrates the indicators’ characteristics and how these indexes work.