Answer :
It can be concluded from the Labor Union goals that changes in the social and economic environment determine the goals of labor in a given period. Thus the First option is correct.
What is Economic Environment?
Economic environment refers to the External factors of the economy which affects the working of the Company. For example The rise in the prices of the fertilizer will affect the farmer.
The goal of the labor union defines the changing patterns of the social and the economic environment estimates the aim of the labor in the given period of the time.
Learn more about the Economic environment here:
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