Mr. Babu Raj, an engineering graduate who wants to know the factors o – InterviewSolution

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1.	Mr. Babu Raj, an engineering graduate who wants to know the factors of legal environment approaches you. Give him an idea about the legal environment affecting business.
Answer» A business has to work within the framework of the legal systems of the country. Legal environment includes the Acts that have been passed by the Parliament and State Legislature. The important laws that affect business include The Contract Act, Companies Act, Factories Act, Minimum Wages Act, Essential Commodities Act, etc.

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