International Economic Environment Defined. The international economic environment can be described as the global factors that are outside of the control of individual organizations but that can affect the way that businesses operate. These factors include unemployment rates, inflation rates, and labor costs.
Extrinsic motivation refers to the performance of an activity in order to attain a desired outcome and it is the opposite of intrinsic motivation. Extrinsic motivation comes from influences outside of the individual.
In some situations, external rewards are the same and applicable to a group of people. Speaking of rewards, the tangible rewards hold a prominent role in extrinsic motivation. Over time, intangible rewards can later be realized. Summary: Intrinsic motivation and extrinsic motivation are two types of motivation.