Impact of political environment on business environment
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The political environment of a country has an impact on the economic conditions and the economic growth of the country . The economic environment then affects the business performance of a company.
Explanation:
- The political factors have a major impact on the business environment in a country. the political situation of a country has the power to change economic scenario of a country.
- There can be changes in the government policies that affect the companies and their business. The changes in the economic, legal or social factors affect the business environment and the companies should be ready to deal with the changes.
- The politicians can also influence the rate of emergence of new technologies and their acceptance in the country.
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