Question : Which environment includes factors related to the availability and allocation of resources?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Legal environment
Option 4: Political environment
Answer (1)
20th Jan, 2024
Correct Answer: Economic environment
Solution : The correct answer is (A) Economic environment
The economic environment includes factors related to the availability and allocation of resources, such as labor, capital, and natural resources. It encompasses economic conditions, market trends, inflation rates, monetary policies, and other elements that impact the distribution of resources within an economy.
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