Correct Answer: The overall economic conditions, such as GDP growth and inflation rates

Solution : The correct answer is (C) The overall economic conditions, such as GDP growth and inflation rates

The economic environment of business refers to the broader economic conditions, including factors like GDP (Gross Domestic Product) growth, inflation rates, employment rates, interest rates, and other economic indicators that impact the overall economic health and stability of a country or region. This environment affects businesses by influencing consumer spending, business investments, and economic trends that can have a significant impact on their operations.