It includes political conditions such as general stability & peace in the country & government attitude towards business.
- Political stability builds up confidence among business people to invest in the long term projects for the growth of the economy.
- The attitudes of government officials towards business may have either positive or negative impact on business. For e.g. After opening up of our economy in 1991, foreign companies found it difficult to invest in our country.
LEGAL ENVIRONMENT-
It includes various legislations passed by the Government, Parliament, court judgements as well as the decisions rendered by various commissions & agencies at every level of the government. For e.g. Trademark Act 1999,Consumer Protection Act 1986, Advertisements of alcoholic beverages is prohibited.
IMPACT OF CONSUMER PROTECTION ACT ON BUSINESS
No comments:
Post a Comment