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 regulation of fair trade and competition is an example of the political and regulatory environment of business, which includes laws and policies that impact business operations.

The Government Has Enacted Laws That Promote Both Fair Trade