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Legal issues are very important to solve before running a successful issues. Legal issues basically arise from the laws governing a country. Apart from the government policies also form the laws. So legally companies are much effected by change in governments or policies etc.
A business environment can face the following legal issues:
- Tax policy
- Export and import laws
- Quota and restrictions
- Employment laws
- Labor law
- Environmental laws and regulations
- trade restrictions
- tariffs
All these factors are defined by the laws that the country has and are liable to change with the change in governments.
Now all these are external factors or issues effecting a business environment. A particular business can not do much to change these laws because they are beyond the control of the business itself. So a company can only adopt suitable policies or work frame that caters to these issues.
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