9. The Reserve bank of India
reduces CRR by 0.5 % to control
recessions. This is related to which
dimensions of Business
environment.
Answers
Answer:
Economic Environment
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Answer:
This is related to Economic Environment.
Explanation:
Business Environment - Economic, social, legal, technological, and political circumstances are aspects of or the agents producing the business environment and should be properly taken into account while making decisions and boosting the success of the trading concern. In contrast to the particular environment, these factors represent the prevailing environment, which frequently has an impact on numerous organisations at once. The management of every firm can, however, benefit from being aware of these factors rather than being objective in them.
Economic environment - The economic environment is made up of a nation's economic system, economic laws, and general economic circumstances.
The economic environment is influenced by a number of variables, including interest rates, taxes, inflation, stock market indices, the value of the rupee, personal disposable income, the unemployment rate, etc.
Example: A country's lower tax rates increase demand for goods by increasing people's disposable income.
Some examples of other environment are:
• Social environment- The Chipko Movement
• Legal environment- Income tax law, labour law
• Political environment- Many national and international business entrepreneurs have chosen to invest in India due to the country's political stability and central government's attitudes toward business, industry, and employment.
• Technological environment – introduction of Tesla
Hence we can conclude that The Reserve bank of India reducing CRR by 0.5 % to control recessions is related to Economic Environment.
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