In What Way Does Government Interact with Business in Order

Question

Examlex · Accepted Answer

The Answer is -Collector of taxes from businesses: Government collects two types of taxes: revenue taxes and regulatory or restrictive taxes. These monies are collected to help fund government services and program, and include individual income taxes, corporate taxes, property taxes and sales taxes. Restrictive taxes consist of two types, including excise taxes and customs duties or tariffs. Excise taxes are applied to goods and services that the government wants to restrict the purchase of.
-Acting as business owners: Governments sometimes own a federal or provincial run corporation (sometimes referred to as a public enterprise) that is accountable to Parliament for its operation through a minister.
-Regulating the business sector: The authority of government imposes constraints to significantly modify economic behavior in the private sector. The motive may include protection of the consumer or the environment, or protection of fair competition among businesses.
-Safeguarding Canadian interests in the global context: One of the central objectives of government regulation is to protect the public interest. The government has the ability to control the operations of private enterprises through regulations.

In What Way Does Government Interact with Business in Order

Essay

Correct Answer:
Verified

In What Way Does Government Interact with Business in Order

Essay

Correct Answer:VerifiedShow Answer

Correct Answer:
Verified