Which of the following is not an element of social environment ?
Show Hint
- Composition of family
- Consumption habits
- Rates of saving and investment
- Educational system and literacy rates
The Correct Option is C
Solution and Explanation
1. Economic Indicators: - Measured by RBI/World Bank - Influence interest rates and capital availability
2. Social Environment Elements: - (A) Family structure: Nuclear vs joint families impact product demand - (B) Consumption patterns: Cultural preferences (e.g., vegetarianism) - (D) Education: Skills availability and consumer awareness
3. Key Difference: - Social: Qualitative, culture-driven factors - Economic: Quantitative, financial metrics
Final Answer: (C) Rates of saving and investment
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