English

The economic environment consists of the factors and forces concerning means of ______ and ______ of wealth. - Commerce

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Question

The economic environment consists of the factors and forces concerning means of ______ and ______ of wealth.

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Solution

The economic environment consists of the factors and forces concerning means of production and distribution of wealth.

Explanation:

The economic environment refers to the factors and forces related to the production and distribution of wealth. It encompasses all aspects of economic development that impact the product market and the scope of business activities.

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Chapter 1: Business Environment - QUESTIONS [Page 25]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 1 Business Environment
QUESTIONS | Q 34. | Page 25
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