Question

What is the role of government in the Business enterprise?
5 points

Answer 1

1. Enacting and Enforcing Laws

2. Maintaining Law and Order

3. Providing Monetary System

4. Balanced Regional Development and Growth

5. Provision of Basic Infrastructure

Answer 2

Answer:

The regulatory functions of the Government include (i) restraints on private activities, (ii) control of monopoly and big business, (iii) development of public enterprises as an alternative to private enterprises to ensure competitive dualism, (iv) maintenance of a proper socio-economic infrastructure.(v) provides the legal and social framework within which the economy operates