Question

'Service sector contributes to almost half of India's GDP but employs only one-third of its workforce.

Which of the following dimensions of Business Environment is stated in the above line:

Options

• Economic

• Social

• Political

• Legal

Answer 1

Economic

Explanation - 

All economic aspects that influence a company's performance are included in the economic environment. The factors can be macro or tiny, and they are completely outside the company's control.