Political and legal factors

Question 1

Political factors

Answer 1

Political factors relate to government policy in issues such as; international trade, defense.

Question 2

Impacts of Political stability

Answer 2

Impacts business confindence, impacts business decition whether they invest on the economy.

Question 3

definitions: Corporation tax

Answer 3

The tax paid to the government by the profit generated to a company at the end of the year.

Question 4

Privatisation

Answer 4

When a public company is sold to a group of individuals (private company) and is in the stock market for the first time.

Question 5

Nationalisation

Answer 5

Local companies

Question 6

Planning permission

Answer 6

When the government needs to giver permission to a company for them to enter to the market and be legal

Question 7

Infrastructure

Answer 7

Improvements in infrastructure, such as a new highway, schools, hospitals

Question 8

Political stability

Answer 8

How stable is a country. Is there is wars, protest, population mad about the government

Question 9

LAW
- Minimum wage
- consumer law
- employment law

Answer 9

Minimum wage:
- Employments must be paid the minimum salary the law refers

Consumer law:
- consumers must pay the fair amount of money for the product.
Consumers are protected from fake companies

Employment law:
- Fair tarde to emoloyes