Effect of political and legal changes Flashcards
1
Q
What does the government do to improve economy?
A
Encourage enterprise
2
Q
How does Gov encourage enterprise?
A
Finance for r+d
Guidance on running a new business
3
Q
Why encourage enterprise?
A
4
Q
What factors are influenced by the legal environment?
A
labour
competition
environment
5
Q
Pros of competition legislation
A
Prevents high prices
Encourages innovation
Prevents cartel
Monitors takeovers/mergers
6
Q
Pros of labour legislations
A
prevents exploiting workers (pay/leave)
prevents discrimination
