Which of the following is an example of Social Environment?

Option 1 -> Educational system and literacy rates are core components of social environment as they reflect societal development, cultural priorities, and human capital formation.

Option 2 -> Rates of saving and investment are economic indicators that belong to the economic environment, measuring financial behavior and capital accumulation.

Option 3 -> Dominant ideologies and values of major political parties constitute the political environment, representing governance philosophies and power structures.

Option 4 -> Planned outlay in private and public sectors is an economic planning measure that falls under the economic environment, indicating resource allocation.

Hence, Option 1: Educational system and literacy rates -> The social environment encompasses factors related to society's structure, culture, education, and human development. Educational systems and literacy rates directly measure social progress, human resource development, and the intellectual fabric of society, making them quintessential elements of the social environment rather than economic or political dimensions -> correct