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If "local substitution" is complete, then the economic impact of a casino is
External Environment
Encompasses all outside factors and influences that impact the operation and success of a business, including economic, legal, political, and social conditions.
Regulations
Rules or directives made and maintained by an authority to regulate behavior, typically in the context of industries or public services.
Legal Factors
Elements within the regulatory environment that affect businesses, including laws, regulations, and legal systems.
Nonprofit Firms
Organizations that operate for purposes other than making a profit, often focusing on social, charitable, or community-oriented goals.
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