Scribd
Upload
353 views10 pages

Relationship Between Government and Business: Presented By, Balasubramanian

The document discusses the relationship between government and business. It states that governments and businesses are interdependent and influence each other. The government aims to ensure economic stability and growth, while businesses aim to make profits. For steady economic growth, the government must make the environment suitable for businesses. The government plays four key roles - as a regulator to prevent exploitation and ensure socio-economic objectives are met, as a promoter by providing financing and incentives, as an entrepreneur by operating public industries, and as a planner by indicating priorities through five-year plans. An balanced relationship between the two institutions is important for the welfare of the economy and nation.

Uploaded by

Smart Bala
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
353 views10 pages

Relationship Between Government and Business: Presented By, Balasubramanian

The document discusses the relationship between government and business. It states that governments and businesses are interdependent and influence each other. The government aims to ensure economic stability and growth, while businesses aim to make profits. For steady economic growth, the government must make the environment suitable for businesses. The government plays four key roles - as a regulator to prevent exploitation and ensure socio-economic objectives are met, as a promoter by providing financing and incentives, as an entrepreneur by operating public industries, and as a planner by indicating priorities through five-year plans. An balanced relationship between the two institutions is important for the welfare of the economy and nation.

Uploaded by

Smart Bala
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 10

RELATIONSHIP

Presented By,
BETWEEN GOVERNMENT Balasubramanian
AND BUSINESS
INTRODUCTION :
 Government and business institutions in a country
in many ways are interrelated and interdependent on
each other. In today’s global economy, its
businessmen and entrepreneurs are the driving forces
of the economy.
 For maintaining a steady and upward economic
growth The Government must try to make the
environment for business organizations suitable.
 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 profit and
governments’ goal is to ensure economic stability and
growth.
For this, a balance relationship between the
government and businesses is required for the welfare
of the economy and the nation.
Government and businesses are the two most
powerful institutions in any society. The two together
determine public policy, both domestic and foreign,
for a country. The policies, practices and regulations
of the government influence to a large extent the
nature, growth and functioning of the business system.
ROLE OF
GOVERNMENT IN
BUSINESS
Governments normally play four important roles in an
economy, for shaping the business environment. They are
as follows:
1. Government as a regulator of business
2. Government as a promoter of business
3. Government as an entrepreneur
4. Government as the planner
GOVERNMENT AS A
REGULATOR OF
BUSINESS
 Ensure the private investment and production in the industry
meets the socio-economic objectives of the government.
 Ensure the efficient use of resources and prevent
exploitation.
 Restraints on private activities.
 Control of monopoly & big business.
 Development of public enterprises as an alternative to
private enterprises to ensure competitive dualism.
 Maintenance of a proper socio-economic infrastructure.
GOVERNMENT AS A
PROMOTER OF
BUSINESS
 Providing finance to the industry.(through
developmental banks etc.)
 Granting incentives.
 Creating infrastructural facilities for industrial growth
& investment.
 Promoting development in No Industry Districts
 Establishing District Industrial Centres for assisting the
development of small industries.
GOVERNMENT AS AN
ENTREPRENEUR
 Mainly concerned with growth & development of
public industries.
 Has earned the name of a “SOCIAL
ENTREPRENUER”
 BSNL can be a best example for the above stated term.
GOVERNMENT AS THE
PLANNER
Indicating priorities through the Five Year Plans for the
sectoral allocation of resources.
Ensuring the equal distribution of scare resources to all
the sectors in order to avoid clashes.
THANK YOU !!!

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy