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Is the government an important factor of a Business existence?
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[QUOTE="Mellorando, post: 206737, member: 37973"] A lot of people think if there is no government support then there is no guaranteed business existence this thinking is absolutely true because Governments can create subsidies, taxing the public and giving the money to an industry, or tariffs, adding taxes to foreign products to lift prices and make domestic products more appealing. Higher taxes, fees, and greater regulations can stymie businesses or entire industries. Government mandates that companies make financial information public, thereby protecting the rights of investors and facilitating further investment. This is generally done through filings with the Securities and Exchange Commission. Whether federal regulation has been adequate is a matter of much debate. Government and business institutions in a country in many ways are interrelated and interdependent. In today’s global economy, businessmen and entrepreneurs are the driving forces of the economy. In a planned economy or even in the market economy government holds control of shaping the business activates of a country. For maintaining a steady and upward economic growth The Government must try to make the environment for business organizations suitable. And the organizations must follow the laws of governments’ to run the businesses smoothly and making sure there is a level playing field. The main goal of businesses is to make a profit and governments’ goal is to ensure economic stability and growth. Both of them are different but very co-dependent. For this, the government and organizations or businesses always try to influence and persuade each other in many ways for various matters. A balanced relationship between the government and businesses is required for the welfare of the economy and the nation. Let’s see how government and business organizations try to influence each other. Below is how Government Influences the Business Organizations: 1. The government attempts to shape the business practices through both, directly and indirectly, implementing rules and regulations. 2. The government most often directly influences organizations by establishing regulations, laws, and rules that dictate what organizations can and cannot do. 3. To implement legislation, the government generally creates special agencies to monitor and control certain aspects of business activity. 4. For example, the environment protection agency handles Central Bank, Food and Drug Administration, Labor Commission, Securities, and Exchange Commission and much more.These agencies directly create, implement laws and monitor its application in the organization. 5. Governments sometimes take an indirect approach to shaping the activities of business organizations. These are also done by implementing laws or regulations but they are not always mandatory. For instance, the government sometimes tries to change organizations’ policies by their tax codes. 6. The government could give tax incentives to companies that have an environment-friendly waste management system in a production factory. 7. Or, tax incentives could be provided to companies that have established their production facilities in a less developed region in the country. As a result, more often the businesses would probably do so.However, this regulation and its implementation must be to an optimal degree. [/QUOTE]
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