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Which of the following is not an element of social environment ?
Which of the following is not an element of social environment ?
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Social environment questions test demographic/cultural factors. Economic elements always involve money/numbers.
Updated On: Jan 13, 2026
- Composition of family
- Consumption habits
- Rates of saving and investment
- Educational system and literacy rates
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The Correct Option is C
Solution and Explanation
Saving and investment rates are classified under the Economic Environment due to:
1. Economic Indicators: These are monitored by entities like the RBI and World Bank and directly affect interest rates and the availability of capital.
2. Social Environment Factors: This includes: - (A) Family structures (e.g., nuclear vs. joint) which influence product demand. - (B) Consumption patterns driven by cultural preferences (e.g., vegetarianism). - (D) Education levels, impacting skills and consumer awareness.
3. Distinguishing Features: - Social factors are qualitative and culturally determined. - Economic factors are quantitative and based on financial metrics.
Conclusion: (C) Rates of saving and investment
1. Economic Indicators: These are monitored by entities like the RBI and World Bank and directly affect interest rates and the availability of capital.
2. Social Environment Factors: This includes: - (A) Family structures (e.g., nuclear vs. joint) which influence product demand. - (B) Consumption patterns driven by cultural preferences (e.g., vegetarianism). - (D) Education levels, impacting skills and consumer awareness.
3. Distinguishing Features: - Social factors are qualitative and culturally determined. - Economic factors are quantitative and based on financial metrics.
Conclusion: (C) Rates of saving and investment
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