In September 2008, during the fiscal crisis in the United States, the stock market lost more than a third of its value, and 11.1 million Americans were out of work. Neither businesses nor individuals could borrow funds to meet their needs. Which of the following dimensions of the business environment does this illustrate?
A) The economic environment
B) The competitive environment
C) The technological environment
D) The social environment
Correct Answer:
Verified
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