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This is a free sample preview of the essay
Describe The Roles Of Government In The Present Business Environment
Beginning of essay
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 ....
Middle of essay
....luencing 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 level.... |
| Number of words: 407 |
Approximate pages: 2 |
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