what is legal environment
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The government, in every country, regulates the business according to its defined priorities. Legal system of a country is framed by the government. The laws which are passed by the government for business operation is called legal environment. These regulations of government are considered as legal environment.
The legal environment of business refers to the code of conduct that defines the legal boundaries for business activity. ... The nature of business spans over a number of legal realms, all of which are continuously influenced by the needs and demands of the business community, consumers, and the government
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Answer:
The government in every country regulates the business according to its defined priorities.
Explanation:
The legal system of a country is framed by the government.
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