: The Microeconomic Environment and the Macroeconomic Environment. That means, the factors that affect the economic environment are also divided into two categories: The Macroeconomic environmental Factors and the Microeconomic environmental Factors.

The microeconomic environmental factors are those factors, which affect your individual organization and do not affect the whole industry. The examples of microeconomic environmental factors are demand, competitors, market size, distribution chain, suppliers, supply, etc. (Discuss atleast two of these factors)