Question

7 reasons why businesses should be aware of the political legal environment

Answer 1

Answer:

7 reasons why businesses should be aware of the political legal environment are as follows:

1- Businesses do not cease to be part of a much larger environment, which is the nation as a whole, with which what happens in it will affect business to a greater or lesser extent.

2- Many times, the political interests of certain sectors can favor or harm certain businesses, with which businessmen must be attentive to those interests.

3- Politicians are the ones who give confidence in the country to foreign investors, with which their policies can increase or restrict competition from local investors.

4- The generation of employment that arises from a favorable political and legal environment means that businesses have the necessary workforce to maximize their production.

5- The political and economic stability allows the reinvestment of the profits of the entrepreneurs and their businesses.

6- The existence of productive development plans and other subsidies to productive companies can be used by businesses as a government aid to maximize their production.

7- In short, the stability of the nation will make it easier for businesses to prosper, while political stability usually entails economic stability.