Unit-4- Role of Government.pptx

role of government

1. ROLE OF GOVERNMENT IN BUSINESS UNIT- 4 Dr. Kumar R atnesh Business Environment-205 Unit-4 Dr. Kumar R atnesh

2. ROLE OF GOVENMENT The Government rules promote and regulate the action of Business. The Law’s influence the Production , Selling , and Pricing of goods and services. LAWS FOR DOING BUSINESS

3. ASPECTS OF GOVERNMENT’S ROLE GOVERNMENT AS REGULATER OF BUSINESS GOVERNMENT AS PROMOTOR OF BUSINESS GOVERNMENT AS PLANNER GOVERNMENT AS ENTEREPRENEUR GOVERNMENT AS CONSUMER

4. GOVERNMENT AS REGULATOR THE THREE DIFFERENT LEVELS OF GOVT ARE : FEDARAL GOVT [Central Level] STATE GOVT [ State Wide] LOCAL GOVT FEDERAL :- IT means this govt focuses on business that take place across all states , [or] Interstate commerce. STATE :- State govt focus on interstate commerce [or] Business with each state .

5. THE GOVERNMENT WORKING PROCESS

6. MOST I.M.P ROLES OF GOVT Prescribes the rules of the game for Business. Purchases business products and services . The Government is the major promoter and services . The Government is an ARCHITECT of Economic growth The Government is a Financier The Government is the owner of vast quantities of production equipment and wealth

7. O NE OF T HE B EST E XAMPLE OF G OVT G AME

8. THE GOVERNMENT AS REGULATOR The Govt Regulates the Business In 4 Ways : Regulatory Functions of G o v ern m ent Regu l at i ng Produc t i on Process Protecting C ompet i t i on Protecting Business Agree m en t s P rotect i ng Creative P ro p er t i es

9. PROTECTING COMPETITION The Government Protects Business Against : TRUST MONOPOLY / OLIGOPLY PRICE FIXING Note :- The GOVT gave laws for Protect Companies from Illegal Competitive Practices . PROTECTING COMPETITION

10. The Government Enforces Binding Legal Agreements against various BREACHES . Breach of Contract Breach of Fiduciary Duty Brach of Rental Agreements Breach of Warranty [Law Regarding Business Agreements] Example LAW :- Uniform Commercial Code [1952] PROTECTING BUSINESS AGREEMENTS

11. The Government Protects Intellectual Property Copy Rights Patents Trade Marks The GOVT and Creative Property LAWS :- Copy Right Law [1790] Patent Act of The U.S [1790] Freedom of Information Act [1966] [These are all laws that protect intellectual property] PROTECTING CREATIVE PROPERTIES

12. The Government Protects ENVIRONMENTS in which we work and live . The Government and Production Example of LAWS :- National Environment Policy Act [1969] Clean Air Act [1970] Clean Water Act [1972] [ These are all laws for protect the environment] REGULATION PRODUCTION PROCESS

13. GOVERNMENT AS PROVIDER Public Services W ork Bu s ine ss Investors

14. The Government Provides Jobs and Work- related support to members of society . Postal Service Armed services Parks / Recreation Transportation Education Police/Fire PUBLIC SERVICES

15. The Govt as Provider of Labour Laws Social Security Act [1935 , 1965 ] Fair Labour Standards Act [1938] Family and Medical Leave Act [1993] Occupation safety and Health Act [1970] Employee Retirement and Income Security Act [1974] WORK

16. The Business Provides Jobs and Work related support to members of society . Small Business Administration Subsidies Tax Incentives . Small Business Administration [1953] [This is Business – related Public services that the govt Provides ] BUSINESS

17. The Govt Provides Protection to Investors in Business . Example of Laws that protect the rights of Investors Security Act [1933] Securities Exchange Act [1934] INVESTOR

18. BUSINESS IS THE KEY POINT OF MODI’S GOVT

19. MAKE IN INDIA