Describe The Roles Of Government In The Present Business Environment



In the present business environment governments have the power to change
and make laws, having a major role and influence on the business environment.
There are three levels of government; federal, state and local.
The federal government has power over such areas as; company law, income
tax, trade etc. State government has power over pollution, price controls, state
courts etc. and local government has power over rates, building approvals and
zoning. Through zoning the local government can decide where businesses are
located, or how many similar businesses should be built in a particular area.
The power of the government can have direct or indirect influences on the
business environment, ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

of the government to change its
levels of income and expenditure, through the annual budget. By budgeting for a
deficit or surplus, the government will contract or expand the economy. e.g If
the government needed to cut unemployment they would budget for a deficit so
more money is injected and less money is taken from the economy by less taxes
and higher expenditure raising employment.
Monetary policy can also raise the level of economic activity. It
controls the availability of money by influencing the level of interest rates.
Lowering interest rates encourages people to spend and borrow while higher
interest rates encourages people to save and not borrow. By lowering interest
rates the government encourages spending thus increasing the level of economic
activity.
Income policies influence wage outcomes by negotiating with the unions
and the employers and putting arguments before the industrial relations
commission. Governments can restrain real wages and cause unemployment ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

Describe The Roles Of Government In The Present Business Environment. (2007, July 8). Retrieved April 22, 2018, from http://www.essayworld.com/essays/Describe-Roles-Government-Present-Business-Environment/67695
"Describe The Roles Of Government In The Present Business Environment." Essayworld.com. Essayworld.com, 8 Jul. 2007. Web. 22 Apr. 2018. <http://www.essayworld.com/essays/Describe-Roles-Government-Present-Business-Environment/67695>
"Describe The Roles Of Government In The Present Business Environment." Essayworld.com. July 8, 2007. Accessed April 22, 2018. http://www.essayworld.com/essays/Describe-Roles-Government-Present-Business-Environment/67695.
"Describe The Roles Of Government In The Present Business Environment." Essayworld.com. July 8, 2007. Accessed April 22, 2018. http://www.essayworld.com/essays/Describe-Roles-Government-Present-Business-Environment/67695.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 7/8/2007 04:27:07 PM
Category: Economics
Type: Premium Paper
Words: 407
Pages: 2

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
The Judiciary Branch of Governm...
Role Of Government In Mixed Eco...
The Changing Roles Of Women In
The Role Of Women In Shakspear
Role Of Women In The Developing...
Tamed Shrews And Twelfth Nights...
Roles Of Women In Africa
The Role of Women in a Portrait...
Portrayal Of Women In Soaps
The Roles Of I-330 And O-90
Copyright | Cancel | Contact Us

Copyright © 2018 Essayworld. All rights reserved