Answer: Aspects of setting include social conditions and time.
Explanation: The setting of a story also includes the place, (environmental and cultural aspects may be important) Time could mean not only "time of day" but also the season, year, century or era when the events take place.
It depends if you mean the proverbial parable from the Bible it would be know but if you mean like a story to teach a lesson then yes but most likely yes :) XD