business (noun, busi-ness, \ ˈbɪznəs \) climate (noun, cli-mate, \ ˈklaɪmət \)
Definition: is a type of economic environment surrounding a specific company or industry that consists of factors related to the nature of operations performed by said company or industry. Thus, such factors include the government’s stance towards businesses, the relationship between lending organizations and enterprises, and the laws that regulate business operations. Additionally, the business climate can also be affected by the labor unions attitude towards their employers, the current tax rates, inflation, etc.
In a Sentence:
- The ad hoc committee concluded that due to the poor state of our business climate now isn’t a good time to open a new branch office. Reportedly, we won’t be able to get a loan at a satisfying rate, and our own funds may prove to be insufficient.
- The recent changes in the business climate for oil companies weren’t pleasant as the government has doubled the taxation on both the export and import crude oil.
Synonyms and related words: business climate index, economic environment, taxation regulations, inflation rate
