It includes what is political environment and its various elements,it also gives a brief discription about competition act 2002 and about competiton commision of India
4. POLITICAL SYSTEM
Political system is a system of government and
politics it is a complete set of instructions
interest groups(political parties,trade
unions),the relation between those institutions
and the political norms that govern their
functions.It also ensures maintaining order and
sanity in the society
5. DEMOCRACY
It refers to a political arrangement in
which supreme power is vested with
people
TOTALITARIANISM
It is also called authoritarianism in which
individual freedom is completely
subordinated to the power of authority of
state and concentrated in the hands of
one person or in a small group which is
not constitutionally accountable to the
6. A subjective governance indicator
aggregated from a variety of sources
and measuring perceptions of the
likelihood of de-stabilization
POLITICAL STABILITY
7. Social Unrest
• It is caused by clashes between or among community
groups,religious groups and ethnic groups
Attitude of Nationals
• The negative attitude of nationals towards foreign business
and foreigners is a greater risk it includes
exploitation,colonialism etc:
Policies of the Host Government
• It effect the operation of international business firms
directly and internally or externally
INDICATORS OF POLITICAL INSTABILITY
8. The competition act 2002
It was enacted by the parliament of India and governs
Indian competition law. It replaced the archaic The
monopolies and restrictive trade practices act 1969.
Under this legislation, the Competition commission of
India was established to prevent the activities that have
an adverse effect on competition in India. It was later
amended in the year 2007 and 2009.
9. COMPETITION COMMISION OF INDIA
It is body corporate and independent entity
possessing a common seal with the power to enter
into contracts and to sue in its name.It consist of a
chairperson, who is to be assisted by a minimum of
two and a maximum of ten, other members. It is the
duty of the commission to eliminate practices having
adverse effect on competition,promote and sustain
competition which also protect the interest of the
consumers and ensure freedom of trade in India
10. QUICK REVIEW
POLITICAL ENVIRONMENT
ELEMENTS OF POLITICAL ENVIRONMENT
A. Political System
B. Political Stability
C. Role Of Government In Business
INDICATORS OF POLITICAL INSTABILITY
THE COMPETITION ACT 2002
COMPETITION COMMISION OF INDIA
11. QUESTIONSWHAT ARE THE FOUR FORMS OF DEMOCRACY?
WHAT IS TOTALITARIANISM?
STATE INDICATORS OF POLITICAL INSTABILITY?
GIVE OBJECTIVES OF COMPETITION ACT 2002?
DIFFERENCIATE TOTALITARIANISM AND DEMOCRACY?
EXPLAIN COMPETITION ACT 2002?
EXPLAIN COMPETITION COMMISION OF INDIA?