The 4 Basic Models of the BGS Relationship Essay

A market originally was a place where people could go and buy and sell goods. These markets also exist today, such as fish markets and cattle markets. A free market economy is driven by individuals and basically the more effort you put in the more you get out. This then makes competition very important in a free market economy.

There are many similarities and differences within command and market economies. In command economies, the government decides what should be produced, how it should be produced, and who they will be produced for. In a market economy, the prices of goods and services are determined by supply and demand, rather than a central government.

This is the type of economic system that is followed by Canada. A market economy is an economy that holds the ideology of little government involvement and plenty of involvement from individuals and entrepreneurs. The production of goods is based entirely

Society is everything that the people join together to do which is positive. Government, however, is meant only to protect us from ourselves. Government is described as a “necessary evil,” and should only be judged on how well it accomplishes that goal.

Though business-like mechanisms can create a more efficient and potentially innovated government, government and business should be run differently, since they are inherently different in their conceptual values. Appleby explains some of these differences. He argues that no one can serve the public as it should be served unless he or she has a public-interest attitude with certain special characteristics. In addition, business has much narrower extent, while public officials are more broadly stimulated, with a breadth of view and a public-interest attitude. Government is complex as well as vastly interdependent with many other nonprofit and private organizations. Also, the government is subject to public scrutiny and public outcry. According to Denhardt and Denhardt, government acts, in concert with private and nonprofit groups and organizations, to seek solutions to the problems that communities face. In the process, the role of government is transformed from one of controlling to one of agenda setting, bringing the proper players to the table, facilitating, negotiating, or brokering solutions to public problems—often through coalitions of public, private, and nonprofit agencies. Finally, government is different from business

Structurally, human societies are established by sets of institutions. These institutions vary in relevance and scope. Important social institutions include education systems, the law and religion. People perform daily activities based on the various notions they hold about the societies they occur. Society serves various functions. First, it controls people’s behavior and thus the

Capitalism refers to an economic system in which the means of production are privately owned and are run for profit. I found this to be a very important concept as capitalism is the most recognized economic system in the world today. It also plays a very fundamental role in the world politics today as both national and international policies are greatly affected by capitalism and trade between one country and another. The issue of capitalism is important to me as a political science student as it allows me to understand the how prominent business people impact of the politics of any given state. Capitalism is characterized by elements such as competitive markets, capital accumulation, and salaried labor. Within this type of an economy, those partaking in a transaction posses the power to determine the prices at which goods, services and other assets are exchanged. In the free market economy, the state is allowed to intervene in the pricing of products and it provides significant services to its citizens in form of unemployment benefits, social security, and the recognition of labor laws. State capitalism refers to the form of capitalism in which the state owns the means of productions and organizes its state enterprises as commercial and profit-seeking enterprises. Mercantilism is the form of capitalism that is illustrated by intertwining state interests and national business interests. There are other forms of capitalism including the mixed economy and corporate

Capitalism is a system that allows private ownership of the factors of production and encourages entrepreneurship. Market economies rely on capitalism to create an environment where people are free to sell and buy what they want. This causes the items produced and prices to be determined by supply in demand. The economic basis of the market is the operation of demand and supply. Capitalism relies on buyers and sellers to achieve economic goals. In the other hand, communism and socialism are both two basic forms of planned economies. Communism is a system where the government owns and operates all the factors of production. Under the system of communism, some of the ways the government operates production are by assigning jobs to people, owning

This is the theory of a free market, based on supply and demand to take care of the consumer welfare. Capitalism gives people the freedom to do as they wish, and allows them the opportunities to work to gain great wealth, or to just survive in the society. While communism sets direct demands on the work you do and what you need to produce, so others can benefit as well as you from your hard work.

In a capitalist economy, an individual is allowed to own a property, and have the freedom to organize and operate for profit purpose; emphasis on individual profit rather than on workers or the society as a whole, therefore encouraging firms to be more efficient and innovate new products that acknowledges the interest of the people without the interference by the government or any regulation necessary to protect public interest, and at the same time, keeping the national

Capitalism became the dominant economic system is industrialized nations and is built in 3 major principles. There is a limited involvement of government is a capitalist economy. This idea is known as laissez-faire. The government refrains from getting involved in the control of businesses. Citizens of a capitalist

Capitalism was the economic system based on money and in which property and the means of production (like factories) were owned by businesses and separate people. This system functions when people follow their own self interest and beliefs so progress will result. The government doesn't interfere in the economy because the rules of the market-place benefit everyone. This

Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living.

It is remarkable that in every group within any society that is based on hierarchies’ rules, they are dominant and dominated individuals. Although, in order for a society to function the “dominated” should be willing to obey the “dominants”, which requires legitimacy.

The business-government relationship has three major elements: competition, cooperation, and Coopertition. These elements can be seen from the game theory (study of strategic decision making) perspectives where the effects of these elements on each other can be improved. The relationship between government and business is highly dependent on how the government can provide the stable set of rules for business, so business can adapt to the changing conditions and can act within the rules. For example the competition paradigm of business-government relationship can be seen in financial market where government does not allow the merger of four major banks of Australia (Chaudhri, Samson & Kerin, 2000).