Explain relationship between government and business

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-What type of relationship exists between the government and business? Differentiate between the various roles that government plays in business and briefly explain each of these roles.

-Identify and describe several types of activities that are performed by governments in regulating business and provide at least one specific example, complete with an explanation.

-Why is the legal system a necessary component of business? What are some possible issues that might arise if the legal system had absolutely no participation in business and business operations? Provide a specific scenario that illustrates the importance of the legal system in business.

-Compare and contrast the role that organized labor plays in business and in society, identifying and explaining their similarities and differences.

-You learned about the various types of risks that exist for businesses-can you think of equivalent risks that exist for individuals, couples, or families? Identify and explore risks that are similar to the business risks that you learned about but are more geared towards personal situations.

Reference no: EM133037674

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