Restrictions imposed by the government, such as export quotas on certain products, are a part of the ________ environment of the pestel framework.

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13-09-2022
Business

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Restrictions imposed by the government, such as export quotas on certain products, are a part of the ________ environment of the pestel framework.

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khuranashilpa76 khuranashilpa76 · Answer 1 · 2022-09-17T20:52:21+02:00

Restrictions imposed by the government, such as export quotas on certain products, are a part of the political environment of the pestel framework.

The political environment includes political conditions such as the overall stability and peace of the country and the elected government's attitudes towards business. A stable political system can make business-friendly decisions that encourage local businesses and attract foreign investors.

The political environment is the public and private stakeholders that operate, interact with or influence the state, government, and its agencies and laws and systems. For companies to be successful, the political climate needs to be good and very stable.

The social and political environment analyzes the social importance and legitimacy of an economy and defines its rights, obligations, and goals. She sees leadership as a political endeavor in the artistic sense of working towards a fair design of things in an organization and its environment.

Learn more about political environment here:

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