Respuesta :
The economic environment, technological environment, social environment, international environment, and legal environment are the five main facets of the business environment.
What is legal environment in reference to business environment ?
The laws and numerous pieces of legislation enacted by the parliament make up the legal environment. The businessman cannot ignore the laws because he must conduct his commercial activities within the bounds of the law.
Trade Mark Act, Essential Commodity Act, Weights and Measures Act, etc. are examples of common laws that have been passed that have an impact on commercial transactions. Legal frameworks frequently impose restrictions on the businessman, but they can also present opportunities. The following are some examples of how the Indian legal system has recently impacted business transactions:
1. The capital market's deregulation has made it simpler for businesspeople to obtain capital from the primary market.
2. Foreign investors and NRIs are being encouraged to invest in the Indian capital market by the removal of exchange controls and investment liberalization.
3. Alcoholic product-advertising is not permitted.
4. Mandatory legal warnings in tobacco production.
5. Industry policies against discrimination.
To know more about, the business environment, visit :
https://brainly.com/question/28446266
#SPJ4
