THE RELATIONSHIP BETWEEN GOVERNMENT AND BUSINESS
GOVERNMENT AND BUSINESS According to DIMOCK ” The two most powerful institutions in society today are business and government, where they meet on common ground amicably or otherwise together they determine the public policy both foreign and domestic for a nation”
RESPONSIBILITIES OF BUSINESS TOWARDS GOVERNMENT Regular payment of taxes Providing feedback information Carrying out government contracts as per specifications and standards Providing service to the government
RESPONSIBILITIES OF BUSINESS TOWARDS GOVERNMENT(contd) Voluntary programmes Sponsoring social welfare programmes Environmental preservatio Cultural growth Promoting education Population control measures Assistance in situations of natural calamities
RESPONSIBILITIES OF BUSINESS TOWARDS GOVERNMENT(contd) Corporate contributions to political parties: Making monetary contributions to political particularly at the time of elections To contest elections as independents or on party tickets Lobbying ( behaviour after the elections and is concerned with securing legislation in favour of business
RESPONSIBILITIES OF GOVERNMENT TOWARDS BUSINESS To provide a proper and strong judicial system for the settlement of disputes Provision of a peaceful environment Provision of an efficient system of money and credit Balanced development and growth Provision of a basic infrastructure Provision of required information To assist small scale industries
RESPONSIBILITIES OF GOVERNMENT TOWARDS BUSINESS(contd) Transfer of technology Competition with private sector Licensing and inspections Protection from foreign competition