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Question

Which of the following is an example of social environment?

A
Money supply in the economy
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B
Consumer protection Act
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C
The Constitution of the country
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D
Composition of family
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Solution

The correct option is D Composition of family
Composition of family is an example of social environment. Social environment consists of the customs and traditions of the society in which business is existing. It includes the standard of living, taste, preference and education level of people living in the society where business exists.

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