Final answer:
Political issues that influence businesses include government regulations, zoning laws, and labor market influences, which can affect business operations, hiring practices, and overall costs.
Step-by-step explanation:
Political issues can significantly influence businesses, often framing the economic landscape within which firms operate. Three examples of these political issues are:
- Government Regulations: These include a wide array of rules such as permitting requirements, fees, and product restrictions. Regulations can discourage businesses from hiring or expanding if they make the process too cumbersome or costly.
- Zoning Laws: These laws determine where businesses can operate. They can affect business operations by limiting the areas in which companies can do business or setting restrictions on business hours, impacting accessibility to customers.
- Labor Market Influences: Factors such as government labor laws, social institutions, and the strength and presence of unions can also impact businesses by affecting hiring practices and operating costs.
Overall, such political issues can alter the competitive environment and influence a business's strategy and bottom line.