BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To discourage enterprise and reduce foreign investment
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To protect the workforce and the environment and to promote competition
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To ensure that business is conducted in such a way that local businesses always win
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To prevent consumers from accessing what the economy produces
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Detailed explanation-1: -The government tries to combat market inequities through regulation, taxation, and subsidies. Governments may also intervene in markets to promote general economic fairness. Maximizing social welfare is one of the most common and best understood reasons for government intervention.
Detailed explanation-2: -Fiscal Functions of Government Modern economists believe that government has three fiscal functions: Allocation Function. Distribution Function. Stabilisation Function.
Detailed explanation-3: -Enacting and enforcing laws is the prime responsibility of the Government of each country. This is because laws and regulations only enable the businesses to function smoothly. Further, Government provides a system of court for adjudicating differences between firms, individual or Government agencies.