Step-by-step explanation:
Technological forces have a significant impact on the market by transforming the way businesses operate and the products they offer. For example, the rise of e-commerce has allowed companies to reach customers all over the world, while advancements in automation have increased productivity and reduced costs. Additionally, new technologies such as artificial intelligence and blockchain are creating new opportunities for businesses to innovate and improve their operations.
Political and legal forces also play a crucial role in shaping the market. Government policies and regulations can impact businesses in various ways, such as taxation, trade agreements, and labor laws. For instance, changes in trade policies can affect the supply chain and pricing of goods, while labor laws can impact the cost of production. Additionally, political instability and uncertainty can create volatility in the market, leading to fluctuations in demand and supply.
Overall, technological forces and political and legal forces are two critical factors that influence the market. Companies that can adapt to these forces and leverage them to their advantage are more likely to succeed in today's rapidly changing business environment.