The government consumes goods in order to provide a service for the country, improving the roads, employs a company to do so
1 of 5
The state as a supplier
The government supplies many services for the benefit of the country, healthcare, education, regional aid, the armed forces
2 of 5
The state as an economic regulator
The government is responsible for the countrys wellbeing, attempts to meet main objectives, low inflation, high employment, a balanced level of international trade
3 of 5
The state as a legal regulator
the goverment introduces laws to protect the individuals and busineses from being treated improperly, consumers = consumer protection law, employees = recruitment and unfair dismissal law, businesses = competetion law
4 of 5
Government and social responsibilites
What is benefiical for businesses may not be beneficial for society, American tabacoo gives jobs to employees and dividends for shareholders BUT smoking is a burden on the health service
5 of 5
Other cards in this set
Card 2
Front
The state as a supplier
Back
The government supplies many services for the benefit of the country, healthcare, education, regional aid, the armed forces
Comments
No comments have yet been made