business a level 3.7.4 Analysing the external environment to assess opportunities and threats: political and legal change

impact of government policy - enterprise

government takes steps to encourage setting up and expansion of businesses

Its a policy which promotes risk taking via things like limited liability or support to small businesses

what happens if the enterprise policy is successful

more profits so more revenue for the government

more jobs as businesses expand

more comp- so more efficiency - more quality

role of regulators on government policy

they are organisations appointed by the government to oversee an area of activiyt like banking

what can happen if the regulators policy is successful

can lead to lower prices

leads to higher quality

more contestable markets

so less barrier to entry and more competition in the market

infrastructure government policy

focuses on investment in large scale transport and housing to support adn facilitate businesses

what happens if the infrastructure government policy is successful

increases prpoductivity

provides more jobs in the short term to build the infrastructure

environment government policy

lower carbon emissions and imporve energy efficiency

it supports combatting climate crisis

what happens if the government environmetn policy is successful

it creates a greener reputation which can support future businesses