Question : 'The Trade Union Act 1926' is an example of:-
Option 1: Legal environment
Option 2: Political environment
Option 3: Social environment
Option 4: Economic environment
Correct Answer: Legal environment
Solution :
Every business enterprise must follow the law of the land. As a result, it is critical for every business to understand the rules and regulations established by the government. The Trade Union Act of 1926' is an example of a legal environment in the preceding case.
Hence, option 1 is the correct answer.