How Do Political Factors Affect Business Environment?
Political factors include government policies, regulations, and political stability. These can affect business operations in various ways, such as:
Regulatory Compliance: Businesses must comply with laws and regulations, which can affect their operational costs and profitability. Political Stability: A stable political environment fosters investor confidence and economic growth. Government Support: Policies that promote business development, such as tax incentives, can positively impact businesses.