They play a significant role in national economy by providing various goods and services, creating job opportunities, developing regional economies and communities, helping the competition in the market and offering innovation. Main areas of their presence are manufacturing industry, distribution industry and services industry.
The Role of Government in Business Essay - 1425 Words.
As described earlier, the government's role in business is as old as the country itself, and it is empowered by the Constitution to regulate some commerce. While the government’s influence has increased a lot over time, businesses still enjoy a comparatively considerable freedom.The appropriate role of government in the economy consists of six major functions of interventions in the markets economy. Governments provide the legal and social framework, maintain competition, provide public goods and services, national defense, income and social welfare, correct for externalities, and stabilize the economy.Introduction: The role of taxation in an Economy? Tax can be defined as “a compulsory contribution to state revenue, levied by the government on personal income and business profits or added to the cost of some goods, services, and transactions. ” (Electronic Concise Oxford English Dictionary, 2010).
Economic development of all countries of the world. Economic development depends on number of factors. Technology for economic development of any country is an important factor. All developed and under developed countries economy, agriculture, industry, transport, banking, health, education and improved technology in all sectors are trying to.Electronic business also known as E-business is the conduct of business on the internet and other computer networks, not only does it involve buying and selling of products but also customer servicing and collaboration with business partners.
