Political Institutions

Legislature:-
Parliament is the most powerful institution. Every aspect of business from its birth till death is covered under the laws to ensure that not only profit is earned in a justified and fair way but also to ensure that in the accomplishment of business interests the interest of each person is fully protected and the profits of business are distributed in a manner beneficial to the society.
1.Policy making.
2.Law making.
3.Approval of budgets.
4.Executive control.
5.To act as a mirror of public opinion.

Executive:-
Government is the executory body of the laws which are framed by the legislature. The role of the government is to shape, direct and control the business activities. The translations of the objective of any laws to the reality depends as much upon the law itself as on its implementation.

Judiciary:-
It is the power of the Judiciary to settle legal disputes that affect business considerably.

Disputes between employers and employees.
Disputes between employer and employer.
Disputes between employee and employee.
Disputes between employers and the public.
Disputes between employers and the government.