Identify, which of the following is not a component of social environment ?

Stock Market indices

The correct answer is option (2) : Stock Market indices

Economic Environment: Int erect rates, inflation rates, changes in disposable income of people, stock market indices and the value of rupee are some of the economic factors that can affect management practices in a business enterprise. Short and long term interest rates significantly affect the demand for product and services

Social Environment: The social environment of business include the social forces like customs and traditions, values, social trends, society's expectations from business, etc. Traditions define social practices that have lasted for decades or even centuries