You gain a complete monopoly on platinum production in your native country, where such a monopoly is permissible. You have taken advantage of what facet of the environment in your country?

Question

Liana Owens

Business

10 September, 14:17

You gain a complete monopoly on platinum production in your native country, where such a monopoly is permissible. You have taken advantage of what facet of the environment in your country?

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Adele · Answer 1

When you gain a complete monopoly on platinum production in your native country, where such a monopoly is permissible. You have taken advantage of the Political-Legal Facet of the Environment in your country.

Explanation:

To gain complete monopoly on platinum production in your native country, you will need the backing of the government in power.

A country that has platinum as a resource will have citizens interested in the business and for your business to have preferential treatment thereby enjoying monopoly, government policies has to play out in your favor.

The Political-Legal environment incorporates a lot of factors such as the government in power, government policies such as privatization, public disposition towards the economy and degree at which trade is politicized.