Political factors affecting business Essay

Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every apect of their working. Some political factors includeisPOLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. Economic policy of the government †¢Trade policy †¢Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future. POLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. †¢Economic policy of the government Trade policy †¢Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future. POLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. †¢Economic policy of the government †¢Trade policy Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future. POLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. †¢Economic policy of the government †¢Trade policy †¢Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future. POLITICAL FACTORS AFFECTING BUSINESS Monitoring, understanding, and adapting to the political environment is absolutely essential for any business, because it significantly affects every aspect of their working. Some political factors include †¢Stability of the government †¢Government type- monarchy, democracy, theocracy, etc. †¢Economic policy of the government †¢Trade policy †¢Diplomatic events in surrounding countries Furthermore, political context can change for the foreseeable future.