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As part of its trade policy, the government reduced restrictions on foreign trade. Which dimension of the business environment does this illustrate?

Answer and explanation

Correct answer: Economic dimension

Foreign-trade restrictions are part of trade policy, which affects the economic conditions in which businesses operate. Reducing these restrictions is therefore an example of the economic dimension.

Related tags

Business EnvironmentEconomic DimensionTrade PolicyDimensions Of Business EnvironmentBusiness StudiesClass 12 Mcq

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