The Economic Survey, 2019 suggests that the psychological biases can be used in the realm of tax compliance. It is in favour of using religious norms such “dying in debt is a sin” to improve tax compliance. Identify the related dimensions of business environment.

Social dimension and Economic dimension

The related dimensions of business environment in this context are Social dimension and Economic dimension.

Social Dimension: This involves the cultural and societal aspects that influence business operations. Using religious norms like "dying in debt is a sin" falls under the social dimension, as it taps into cultural and ethical beliefs to encourage compliance.
Economic Dimension: This dimension focuses on economic factors that affect businesses. Tax compliance is a crucial economic aspect, and leveraging psychological biases for better compliance falls within the economic dimension.