Match each term in the left-hand column to the statement that it best exemplifies.
Definitions:
Competitive Environment
The dynamic external system in which businesses compete for resources, customers, and market share.
Legal/Regulatory Environment
The framework of laws, regulations, and standards that govern how businesses operate, affecting everything from corporate behavior to market competition.
Philanthropic Side
The aspect of an individual or organization that is dedicated to promoting welfare of others, often through charitable donations or actions.
Milton Friedman
An influential American economist known for his work in the fields of macroeconomics, microeconomics, and the study of consumption analysis and monetary history.
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