Asked by LaTasha Simmons on Jun 26, 2024
Verified
A country faced severe recession that resulted in loss of jobs and low income levels, which in turn affected the lifestyles of the consumers. Which of the following conditions are influencing the environment of the country?
A) political conditions
B) legal conditions
C) technological conditions
D) socio-cultural conditions
E) economic conditions
Economic Conditions
The state of the economy at a given time, which includes factors like inflation, unemployment rates, and GDP growth.
Severe Recession
An intense period of economic decline characterized by significant reductions in GDP, high unemployment, and contracting business activities.
- Ascertain and interpret the economic circumstances affecting business activities.
Verified Answer
RS
Rushita SanghaniJun 27, 2024
Final Answer :
E
Explanation :
The recession and its resulting impact on jobs and income levels are indicative of economic conditions.
Learning Objectives
- Ascertain and interpret the economic circumstances affecting business activities.
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