In the PESTEL analysis framework, changes in trade tariffs, tax laws, and labor regulations are evaluated under which category?

Explanation

* Political and Legal factors evaluate government policy intervention, trade legislation, tax practices, and employment law.
* Economic factors relate to interest rates and inflation; Socio-cultural concerns societal values and lifestyles; Technological involves R&D and automation.
* PESTEL is an essential macro-environmental analysis tool used during corporate strategic planning.