Which one of the following is a part of economic environment? |
Public debt Lifestyle of people Technological changes Level of education |
Public debt |
The correct answer is option 1- Public debt. Public debt is a part of economic environment. Public debt is a part of economic environment. Public debt is the total amount, including total liabilities, borrowed by the government to meet its requirements. It has to be paid from the Consolidated Fund of India. The economic environment refers to the conditions and factors that affect the functioning of businesses and organizations within an economy. It encompasses various aspects related to the economic system, Some Components of Economic Environment are as follows- * Existing structure of the economy in terms of relative role of private and public sectors. |