Political Environment:

Economic environment is a by- product of the political environment, as economic and industrial policies followed by a nation very much depends on its political surroundings. Political surroundings has several aspects, Industrial growth relay to great extent on the political environment .Legislation regulating business are also a product of the political configuration. Apart from this political stability, form of government elements like religious and social organizations, media and pressure grips & lobbies of several kinds also form the part of political environment.