A political factor is an activity having to do with government policy and its administration that has the potential to change or influence a business. New legislation is one example of a political factor because it can impact the company's operations by either requiring or prohibiting it to act in a particular way.Continue Reading
A political factor is an external constraint on a company, meaning that the influence comes from outside the organization's control. The biggest political factors are related to government administration and activity. Examples of legislation that force a business to act in a certain manner are health and safety laws and the federal minimum wage. Environmental laws that limit pollution are prohibitive political factors.
It is possible to affect political factors by lobbying the legislatures. If an industry is particularly strong, it can dominate and control the very people who are supposed to be regulating the company.
International business trade has even more political factors imposed upon it. A company is sometimes subjected to high taxes on the products it is attempting to sell. Embargoes potentially also deny access to various markets that do not allow the products to be imported. Even civil war in other countries can strongly hinder business activities.Learn more about Political Parties
A nondiscretionary fiscal policy refers to strategies designed to counter oscillations in the economic activity of a country without the explicit intervention of the government, explains class notes from economics professor Dr. F. Steb Hipple for East Tennessee State University. Nondiscretionary fiscal policies are also known as automatic stabilizers.Full Answer >
A breakdown of policy differences between Democrats and Republicans is available at Diffen.com, as of 2015. A chart shows policy differences at a glance on the top of the page, with further details in prose below it. In general, Democrats are liberals favoring left-leaning policies and larger government, while Republicans are conservatives favoring right-leaning policies and smaller government. Democrats are more likely to focus on the welfare of the many while Republicans usually favor individual freedoms.Full Answer >
According to CliifsNotes, the main functions of the two major political parties are to represent interest groups, represent constituents, simplify choices and make policy. In general, the goal of political parties is to make the legislative process simpler and more responsive to the will of the people. The two parties also give citizens a common ground to group together and attempt to create political change.Full Answer >
"Neocolonialism" refers to a policy of indirectly exerting political or cultural influence over another country or entity, especially a former colony. The term is closely related to "colonialism," which typically entails a direct control of a dependent population or country.Full Answer >