Principles of Microeconomics Describe the business environment in the city or country that you live in. You should explain whether the business environment encourages or inhibits business activity. Justify your view with the use of examples. In addition, you should examine four different industries and describe the type of market structure that exists in each of these industries. You should explain whether there is much or little competition and why? Based on your answers above, discuss the effects that the above business environment has on consumers and society in general