The correct answer is option 1.
A) The degree of politicisation of business and economic issues- Political factor B) Birth and death rates- Social factor C) Prevailing political system- Political factor D) Educational system and literacy rates- Social factor E) The extent and nature of government intervention in business- Political factor F) Balance of payments and changes in foreign exchange reserves- Economic factor
Major Elements of the Political Environment
* Prevailing political system * The degree of politicisation of business and economic issues * Dominant ideologies and values of major political parties * The nature and profile of political leadership and thinking of political personalities * The level of political morality * Political institutions like the government and allied agencies * Political ideology and practices of the ruling party * The extent and nature of government intervention in business * The nature of relationship of our country with foreign countries |