# data[].attributes.body
Describe framework of laws and legislations within which business firms operate.

The legal environment includes various laws like Companies Act 2013, Consumer Protection Act 1986, Policies relating to licensing & approvals, Policies related to foreign trade etc.

# data[].attributes.body
Describe political conditions & nature of government intervention in business.

The success of business and industry depends upon the government’s attitude towards the business and industry, Stability of Government, Peace in the country.

# data[].attributes.body
Describe board characteristics of technology in which business firms operate.

It consists of scientific improvements and innovations which provide new ways of producing goods, rendering services, new methods and techniques to operate a business.

# data[].attributes.body
Describes the characteristics of the society in which business firms operated.

Tradition: It refers to social practices that have lasted for decades, such as Ugadi, Deepavali, Id, Christmas,etc.,

Values: It refers to moral principles prevailing in the society, such as Freedom of choice in the market, Social Justice, Equality of opportunity, Non-discriminatory practices etc.

Social Trends: It refers to a general change or development in the society, such as health and fitness trend among urban dwellers.

# data[].attributes.body
Describe forces which have economic impact on business.

Interest Rates, Taxes, Inflation, Stock Market Indices, Value of Rupee, Personal Disposable Income, Unemployment rate etc. are the factors which affect the economic environment.

# data[].attributes.body
The External forces which affects the functioning of the business directly / indirectly.