Roles and responsibilities of Government in business development

1. GOVERNMENT INTERFACE IN
BUSINESS
Dr. N. Yuvaraj
Assistant Professor
Achariya Arts and Science College
Villianur , Puducherry

2. Roles of Government in Business
General Roles
• Maintaining Competition
• Maintaining Legal and Social
Framework
• Stabilizing the Economy
• Redistributing Income
• Providing Goods and Services
• Correcting for Externalities
Regulator versus Provider
• Government as Regulator
▫ Protecting Competition
▫ Protecting Business Agreements
▫ Protecting Creative Property
▫ Regulating Production Process
• Government as Provider
▫ Public Services
▫ Work
▫ Business

3. GOVERNMENT AS
REGULATOR
Regulatory
Functions of
Government
Regulating
Production
Process
Protecting
Competition
Protecting
Business
Agreements
Protecting
Creative
Properties

4. Protecting Competition
The government protects businesses against:
– Trust
– Monopoly or control
– Collusion or agreement
– Price Fixing

5. The Government and Competition
Examples of laws that protect companies from illegal competitive practices.
LAWS
Sherman Act (1890) - which regulates competition among
enterprises.
Federal Trade Commission Act (1914) - which outlaws unfair
methods of competition and outlaws unfair acts or practices that
affect commerce.
Clayton Act (1914) - which sought to prevent anticompetitive
practices in their incipiency

6. Protecting Business Agreements
The government enforces binding legal
agreements against various breaches:
– Breach of contract
– Breach of fiduciary duty
– Breach of rental agreement
– Breach of warranty

7. The Government and Business
Agreements
Laws regarding business agreements.
7
Uniform Commercial Code (1952)-
with the goal of harmonizing
the law of sales and
other commercial transactions
across the United States of
America (U.S.)
through UCC adoption by all
50 states

8. Protecting Creative Properties
The government protects intellectual
property:
– Copyright
– Patent
– Trademark

9. The Government and Creative Property
Examples of laws that protect intellectual property.
Copyrights*Trademarks*Patents
LAWS
Copyright Law (1790)
Patent Act of the U. S. (1790)
Lanham Act or trademark (1946)
Freedom of Information Act (1966)

10. Regulating Production Processes
The government protects environments in
which we work and live.

11. The Government and Production
Examples of laws that protect the environment.
LAWS
National Environmental Policy Act
(1969)
Clean Air Act (1970)
Clean Water Act (1972)

12. GOVERNMENT AS PROVIDER
Public
Services
Work
Business
Investors

13. The Government as Provider of Public Services
Examples of work-related public services the government provides.
• Postal Service
• Armed Services
• Parks/Recreation
• Transportation
• Education
• Police/Fire

14. Work
The government provides jobs and work-related
services to society.

15. LABOR LAWS
 Social Security Acts (1935, 1965)
 Fair Labor Standards Act (1938)
 Family and Medical Leave Act (1993)
 Occupational Safety and Health Act (1970) and
Employee Retirement Income Security Act (1974)
The Government as Provider of Labor Laws
Examples of laws that protect the rights of employees.

16.  Small Business Administration
 Subsidies
 Tax Incentives
Business
The government provides jobs and work-related support to
members of society.

17. Small Business Administration (1953)
Business
Examples of business-related public services that the government provides.
government agency that provides
support to entrepreneurs and
small businesses.

18. Investor
The government provides protection to investors in businesses.
National Securities Act (1980)- is "to provide for preventive
detention in certain cases and for matters connected therewith".
The act extends to the whole of India except the State of Jammu
and Kashmir. It Contains 18 sections.

19.  Securities Exchange Act (1933)- enacted by the United States
Congress on May 27, 1933, during the Great Depression, after
the stock market crash of 1929.
 Sarbanes-Oxley Act (2002)- An Act To protect investors by
improving the accuracy and reliability of corporate disclosures
made pursuant to the securities laws, and for other purposes.
Investor
Examples of laws that protect the rights of investors.

20. Thank you