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Which of the following is not an element of social environment? - Business Studies

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Question

Which of the following is not an element of social environment?

Options

  • Composition of family

  • Consumption habits

  • Rates of saving and investment

  • Educational system and literacy rates 

MCQ

Solution

Rates of saving and investment

Explanation:

The economic environment, which often includes elements like family structure, spending patterns, and educational system, has a stronger correlation with the rate of saving and investment than the social environment.

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2023-2024 (February) Delhi Set - 1
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