PEST vs PESTLE analysis: what’s the difference?

PEST and PESTLE analysis are economic tools used to evaluate business environments. PESTLE adds legal and environmental factors to PEST analysis. Legal factors include labor and competition laws, while environmental factors include regulations on emissions and accountability for environmental impact. Political, Economic, Social, Technological (PEST) analysis and Political, Economic, Sociocultural, Technological, Legal, Environmental (PESTLE) analysis […]

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