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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market4 Marks
Question
Give the features of political forces.
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Answer

The features of political forces are:
  1. It include the political environment of the society.
  2. It comprises of all laws, government agencies, and groups that influence or limit other organizations and individuals.
  3. These regulate the market.
  4. These varies from place to place and time to time.
  5. These determine the fate of companies and markets.
  6. These are highly dynamic.

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