The new market conditions require people with higher competence and greater commitment.

Identify the impact of government policy changes in business and industry.

Need for developing human resources

The correct answer is option (3) : Need for developing human resources

The impact of government policy changes in business and industry, as indicated by the new market conditions requiring people with higher competence and greater commitment, is:

3. Need for developing human resources

Government policy changes can influence the skill requirements and level of commitment needed in the workforce, leading to a greater emphasis on the development of human resources to meet the new demands in the business environment.