Explanation:

Solution and Explanation:

The social environment refers to the cultural, demographic, and lifestyle-related aspects of society that influence business and economic activities.

Analysis of the Options:

1. Consumption habits and life expectancies ? (Correct Answer)

   • Social factors include how people consume goods, their preferences, and demographic characteristics like life expectancy.
   • This directly affects market demand and business strategies in industries like healthcare, food, and fashion.

2. Money supply in the economy ?

   • This is an economic factor, not a social factor because it deals with monetary policies and inflation.

3. Rate of savings ?

   • While it impacts businesses, the rate of savings is an economic factor rather than a social one.

4. New ways of producing goods ?

   • This relates to technological advancements rather than social aspects.

Thus, the correct answer is Option 1 (Consumption habits and life expectancies).

Final Answer:

? Option 1 is the correct answer.