Practicing Success
The decrease in interest rates of home loans increase spending of consumers for buying residential property. Identify the dimension of business environment. |
Political Economic Social Legal |
Economic |
The correct answer is option (2) : Economic The decrease in interest rates of home loans, lending to increased consumer spending on residential property, is associated with the Economic dimension of the business environment. Economic factors, such as interest rates, inflation, and economic growth, significantly impact consumer behavior and business operations. |