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Question
'Service sector contributes to almost half of India's GDP but employs only one-third of its workforce.' Which of the following dimensions of Business Environment is stated in the above line?
Options
Economic
Social
Political
Legal
MCQ
Solution
Economic
Explanation -
The economic environment refers to the economic elements that influence a country's business. It is made up of factors and forces that have to do with the means of production and distribution of wealth, such as GDP, inflation rate, money supply, and so on.
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Dimensions of Business Environment
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