The government has enacted laws that promote both fair trade and competition by prohibiting the formation of monopolies or alliances that would damage a competitive marketplace, fostering fair pricing practices for all suppliers and consumers. These actions are part of the ________environment of business.

Question

Quizplus · Accepted Answer

The government's actions described in the passage are related to the political and legal environment of business, which encompasses laws, regulations, and government actions that affect business operations.

The Government Has Enacted Laws That Promote Both Fair Trade