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Describe The Roles Of Government In The Present Business Environment
Part 1 of Paper
....ajor 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 r.... Part 2 of Paper
....udgeting 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 .... |
| Number of words: 407 - Approximate pages: 2 |
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