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Question
Several initiatives have been undertaken by the government of India to encourage domestic manufacturing and export of defence equipments. 'Make in India' in defence, was one such scheme launched by the government to encourage companies across the world to manufacture defence products in India.
To which dimension of business environment does the above case relates to?
Options
economic environment
legal environment
political environment
social environment
MCQ
Solution
political environment
Explanation:
The political environment includes the particular views that elected officials have on business. Decisions made by the government encourage businesspeople to invest in long-term initiatives for the expansion of the economy.
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