Business, Government, and Society

The role of business in an economy is involved in any type of activity that provides goods, services, or both to consumers in an attempt to earn a profit. Business drives up the standard of living of quality and quantity of goods and services available to a population and contributing to the higher quality of life in which is overall sense of well-being experienced by either an individual or a group. Business also helps raise the standard of living through taxes. However businesses do not only provide the products and services that people acquire, but they as well provide job opportunities that people

WORLD BANK: governments play an important role in development, but there is no simple set of rules telling them what to do.

A limited government, such as a commercial government, is required in order to have a successful and functioning free market society. Such a government provides legal context for contractual agreements, and maintaining law, but does not constrain the freedom of individual thinkers. This type of government does not interfere with the competitive nature, and innovative process of the free market. In fact, such government protects the rights of individuals and their interests, ideas, and innovations. In a government such as democracy, an individual’s freedom might be less than a Republic government, therefore limiting competition and innovation. Competition is constant in such an economy (limited government) that protects these rights and ideas.

Lastly, the Government is in charge of the laws and regulations that contribute to sustainable development such as how much resources companies can use and where they could get said resources. Furthermore, the Government will penalize or jail anyone that breaks the laws of the country.

Laws affect how citizens live and work within businesses there are Laws and regulations that all businesses have to follow so each citizen gets treated equally and there are laws to protect them. To protect businesses and to protect all citizens involved in a business there are certain laws that have been put into place, without these laws businesses will not succeed this is why politics is so important to business, this essay will define Democracy and explain the relevance to business, different types of democracy with the definition and a country, state or town that’s government use the type of political ideology and also how it affected society in the past compared to the present.

Hartman, E. (2006). Can We Teach Character? An Aristotelian Answer. Academy of Management Learning & Education, 5(1), 68-81

There has been a lot of fuss over big business influencing the government in the United States lately. Now there is no doubt that the business elite have some influence on politics. It can even be traced back to the early 1900’s, when “the People’s Party had disintegrated, but many writers and activists have continued to echo the Populists’ central thesis: that the U.S. democratic political system is in fact dominated by business elites” (). Although there are countless arguments to go against this idea, the questions still comes up today: Is government dominated by big business? Political Scientist G. William Domhoff believes that government is dominated by big business. More specifically, Domhoff believes that owners and top-level managers in income-producing properties are not only dominant power figures in the US, but they also have inordinate influence in the federal government (). Another political scientist however, Sheldon Kamieniecki, believes otherwise. He states that businesses do not really get involved in policies that affect them; and even when they do, their success rate at influencing policies is not consistent. In fact, he believes that other factions have more influence on government policies ().

In my own opinion, the role of the government should include maintaining law and order within the state/country, defending the country (national defense), protecting the rights and freedoms of the citizens, and when decision-making, taking into account the needs of the citizens and what the effects of that decision will be on the citizens/affected group.

Therefore, some such advice may help government to improve its regulation system. Firstly, the government may want to extend the range of ‘necessary’ to satisfy current social circumstances, and amend such a code regularly. Secondly, all of the states need to establish their own regulation system or regard other states’ cases to protect both minors and business entities. Finally, government might want to consider to amend the law of the age of majority due to more and more young people engaging in business with

In both developed and underdeveloped economies, there is a need to put regulations which ensure that profits are not abnormally earned at the expense of the innocent clients. It is therefore the mandate of the territorial authorities to put in place measures that introduce checks and balances in all trades. The respective companies or business must also follow the same suit lest they find themselves in the crossroads of law. However,

The government takes care of ensuring that businesses do things in an ethical way. No other forms of

Government should not be run like a business because a system that was established to protect and ensure the public good should always put equity before efficiency. Government is inherently different from business, and therefore should run differently.

Business, government and society are fundamental in this world. Business satisfies human’s needs by providing them products and services in exchange for profit. Government is a structure and process in society that with authority makes and applies policies and rules. Society is a network of human relations composed of ideas, institutions, and material things (Steiner, 2011). They all work together to create better solutions in all three elements. Forces in BGS have shaped our world.

When we talk about the government, we know that the government is involved in issuing laws related to business practices. Business ethics tend to begin where the law ends. This means that the governments establish

William O. Douglas said, “Common sense often makes good law.” Well that is what laws essentially are, rules and regulations that make sure common sense is followed. One could even say that laws are enforced ethics. Laws serve several roles and functions in business and society, and this paper will discuss those roles and functions.