role of government

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

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. ONE OF THE BEST EXAMPLE OF GOVT GAME

8. THE GOVERNMENT AS REGULATOR
The Govt Regulates the Business In 4 Ways :
Regulatory
Functions of
Government
Regulating
Production
Process
Protecting
Competition
Protecting
Business
Agreements
Protecting
Creative
Properties

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 :-
o National Environment Policy Act [1969]
o Clean Air Act [1970]
o Clean Water Act [1972]
[ These are all laws for protect the environment]
REGULATION PRODUCTION PROCESS

13. GOVERNMENT AS PROVIDER
Public
Services
Work
Business
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