Which of the following is not considered a component of the economic environment of industrial relations?

A) Labor market supply and demand.
B) Inflation rates.
C) Bankruptcy codes.
D) Product market supply and demand.

Economic Environment

The combination of external economic factors that impact the operation of businesses, such as inflation, employment rates, and GDP growth.

Bankruptcy Codes

A set of federal laws outlined in the United States that govern bankruptcy proceedings and provide the legal framework for dealing with financial insolvency.

Labor Market Supply

The total pool of individuals available and qualified to work, determined by factors such as demographics, education, and willingness to work at prevailing wage rates.