STUDY QUESTIONS 1. How are business-government relations defined? Is this simila
ID: 1143947 • Letter: S
Question
STUDY QUESTIONS 1. How are business-government relations defined? Is this similar in most 2. What forces have caused the growth of government in modern times? have constrained even more growth? What forces 3. What are the eight contemporary roles of American government? 4. What are examples of good government? What are examples of when gover ment functions poorly? When does government commonly get blamed, either inaccurately or unfairly? 5. What are commonly thought of as sectoral strengths for the public and private sectors? 6. What are the types of reform that are made in the public sector? 7. What are the major foci of each level of American government?Explanation / Answer
1.
Business-government relations refer to how the government interacts with the businesses and influence the business environment through its policies. For example, a government might provide tax credits or tax holidays to new businesses to promote investment and industrialization. This is an example of favorable business-government interaction. In many cases, the government imposes various red-tapes such as licenses, strong regulations, etc., which discourages new business and this can be said to be an unfavorable business-government relationship.
Business-government relationship varied across countries. This relationship depends on various factors such as the type of economy (capitalist, socialist, communist or mixed economy, etc.) or the type of government (democratic, autocratic, socialist, etc.) In a capitalist economy, the government has minimum interaction in the economy and it has a very minimal control over businesses. So, businesses can operate independently in such type of a setup. In a democratic setup, the government develops policies according to the majority opinions. In a communist or socialist set up, the government has heavy intervention in the economy and businesses have much less freedom to operate independently. In such setups, businesses are subject to a high level or regulations. Therefore, the relationship between businesses and governments depend on the economic and political system and it varies a lot in different countries.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.