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Politics And Its Influence On Business - Education - Nairaland

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Politics And Its Influence On Business by school11: 12:22pm On Sep 13, 2018
The interference of politics in businesses has arisen day in day out and this has become a reoccurring topic of discuss in our society. This area has attracted interest which has driven many undergraduates in devoting a considerable number of pages of their undergraduate research materials in underscoring it. Some with scant interest might concede to hire a writer to do so.

Be that as it may, there are many ways in which the political environment can impact business organizations. It could add a risk factor and lead to a major loss. It can also affect government policies at local to federal level. The political environment is perhaps among the least predictable elements in the business environment.

Political Instability: A conflict prone environment will not make for a business flourishing area. A crisis ridded system will repel investors, customers and marker and as such businesses will find it difficult to thrive in such. On the other hand, the benefits of a politically stable environment cannot be overemphasized.

Political System: The political system invoked whether in line with the capitalist orientation or in line with the socialist persuasion is also a great determinant of the business environment. A political system invoked in a country can either make or mar the growth of business.

Policy Summersault: Frequent policy summersault in a particular society kills the growth of businesses. A case study of Nigeria, the lack of progress experienced in Nigeria can be linked to her policy summersault.

From the above, one could see how the political environment plays a major role on business and by extension the economy of a society.

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