Explain the economic and political environment which affect international business
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The political situation of a country affects its economic setting. The economic environment affects the business performance. For example, there are major differences in Democratic and Republican policies in the US. This influences factors like taxes and government spending, which ultimately affect the economy.
The political environment in international business consists of a set of political factors and government activities in a foreign market that can either facilitate or hinder abusiness' ability to conduct business activities in the foreign market.
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The political environment in international business consists of a set of political factors and government activities in a foreign market that can either facilitate or hinder abusiness' ability to conduct business activities in the foreign market.
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