how does the government control the activities of the private companies
Answers
Answered by
4
Answer:
Even though the state may control the private sector, the government does legally regulate it. Any business or corporate entity operating in that country must operate under the laws.
Answered by
2
The government of any state can control the activities of private companies by making policies and rules regarding their functioning.
Explanation:
- The government of any state has the power to control the activities of private firms.
- It is the government that is responsible for making laws relating to the functioning of that firm in the state.
- The government can also apply various sanctions and provide guidelines regarding the working of these industries.
- The government can also provide assistance to the industries which are more important and provide more revenue to the economy.
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