General economic conditions are considered elements of the legal environment.

Question

Quizplus · Accepted Answer

General economic conditions are not considered elements of the legal environment. The legal environment refers to the set of laws, regulations, and judicial decisions that affect businesses and individuals. While economic conditions can certainly impact the legal environment (e.g. changes in tax laws in response to recessions), they are not typically considered a fundamental component of it.

General Economic Conditions Are Considered Elements of the Legal Environment