Abstract

Political environment: Politics is a universal social activity. Government, on the other hand, is concerned with the pursuit and exercise of power. The power is exercised to make laws and decisions, which affect the lives of a substantial number of people. The exercise of power by the government is based on the ideological foundation. Business firms also have to cope with a large number of other tensions like ideological conflicts, terrorism, traditional hostilities, government interventions, labor activism and so on. some of the components of political environment are: