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Is the government an important factor of a Business existence?
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[QUOTE="Jasz, post: 206799, member: 61772"] Yes, the government is an important factor of a business existence. The government is responsible for laws, which regulate and also protects business firms against unfair competition or unethical market practices. The government also provides legal protection over property and assets of a business firm. Why thinking about this, It is not as if you would go directly to the government for selling your products provided that you have a monopoly in the market or some backed-up aid from the central bank. Certainly, the political power is good for controlling the corruption level and it is more effective than providing the absolute transparency in economic activities. However, managing expectations about economic performances is a tricky task for every business. The governments are also looking forward to give some boost in every phase of economic cycle. Businesses exist in the context of both internal and external environments. Since businesses are subject to the rules, regulations and policies created by government entities, it is safe to say that government plays an important role in a business's existence. The impact of the government in various businesses can not be overemphasized. So, we should bare this in mind while trying to have our various businesses. Thank you. [/QUOTE]
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Is the government an important factor of a Business existence?
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