Most businesses need to register with a state government to operate. The government’s role in business includes protecting the consumer or customer. When a vendor fails to honor the guarantee, the purchaser has recourse in the law. Likewise, when a product causes harm to an individual, the courts may hold the vendor or manufacturer responsible. Labeling is another requirement the government imposes on marketers. Many foods, for example, must display nutritional content on the packaging. The U.
S. has been making advances in consumer rights for decades. However, the consumer movement still needs considerable development to protect the public. Many state and federal agencies work to protect the rights of employees. The Occupational Health and Safety Administration, for example, is an agency under the Department of Labor. Its mission is to ensure a safe and healthful work environment. The Equal Opportunity Commission protects employees from discrimination. When a marketing transaction impacts a third party–others besides the marketer and purchaser–the effect is called an “externality. The third party is often the environment. Thus, it is the government’s role to regulate industry and thereby protect the public from environmental externalities. Whether the government is effective in this role is a matter of much discussion. The Gulf oil spill of 2010 has been cited as evidence of lax oversight. Governments at all levels tax businesses, and the resulting revenue is an important part of government budgets. Some revenue is taxed at the corporate level, then taxed as personal income when distributed as dividends.
The Business plan on Intro To Business Businesses Product Consumers
... role in the operation of a business, the two must learn to coexist. The main role of government has traditionally been to protect ... a national defense system. The government protects individuals within our economy by protecting fair competition, consumer investments and general welfare, ... important source of revenue for the federal government is a tax on personal and corporate incomes. Many states ...
This is in no way inappropriate, since it balances the tax burden between the company and individual and allows the government to tax more equitably. Government mandates that companies make financial information public, thereby protecting the rights of investors and facilitating further investment. This is generally done through filings with the Securities and Exchange Commission. Whether federal regulation has been adequate is a matter of much debate. Interaction b/w Government and Public: If you could see the interaction between citizens and their governments, the points of connection would be countless.
From municipal services, law enforcement, and recreation to education, emergency management, and community programs, governments and citizens connect every day – in multiple ways and on multiple levels. Most often, these interactions are temporary, detached, and sporadic. Not anymore. Government It connects the dots of citizen-government interaction, catalyzing improvements in efficiency and accountability and pioneering a new paradigm of relationship-based government services. In essence, Government I takes all the services government provides – emergency response, roadwork, managing special needs, etc. and links them directly to “we, the people” through a single-platform, web-based application. Without exception, governments want to optimize their services, minimize expenses, and meet the demands of the citizens they serve. Meanwhile, citizens want governments that are open, accountable, cost-effective, and accessible. The result is often layers of paperwork, processes, and proposals that add up to a lot of wasted time, unnecessary costs, and general frustration. Gov. I changes this by streamlining communication through one-point interaction between individuals and virtually all government departments, programs, and services.
It’s the one place where the goals of all sides come together in the form of a one-stop portal that supports dynamic, engaged, and purposeful relationships between citizens and their government. Government Regulations on Business: An entrepreneur has to take into account the basic regulatory requirements of the country in order to ensure sustainability of the profits and productivity of his/her business. The most important regulation relates to the environment. The environmental regulatory requirements envisage a wide legislative framework covering every aspect of environment protection.
The Essay on Government Regulation
Government regulation in business today is vital because it attempts to create a level playing field for companies competing against one another and regulate honest business practices toward the consumers. It is important to for any business to understand how government regulation affects their industry and how they intend to run their company. Industrial regulation is the government regulation of ...
Broadly, it includes the emission standards for air, noise, water, etc. Separate set of laws for emission of hazardous wastes have also been enacted. Every industry has to abide by these guidelines and parameters for environmental protection. An organization for its smooth and effective functioning, must ensure health and safety of its employees. The major legislations relating to Occupational Health and Safety in India are:- the Factories Act, 1948; the Mines Act, 1952 and the Dock Workers (Safety, Health & Welfare) Act, 1986.
The Directorate General of Mines Safety (DGMS) and the Directorate General of Factory Advice Service and Labour Institutes (DGFASLI) are the two field organisations of the Ministry of Labour and Employment in the area of occupational safety and health in mines, factories and ports. Besides, the Government of India has taken steps like, announcing a competition policy, enacting Competition Act, 2002 and setting up of Competition Commission of India , in order to ensure a healthy and fair competition in the market economy.
These aim to prohibit the anti-competitive business practices, abuse of dominance by an enterprise as well as regulate various business combinations like mergers and acquisitions. For regulation of the export and import of goods and services an entrepreneur has to abide by the Foreign Trade (Development and Regulation) Act, 1992 and the EXIM policy announced by the Government from time to time. The Ministry of Commerce and Industry is the most important organ concerned with the promotion and regulation of the foreign trade in India.
The Ministry has an elaborate organizational set up to look after the various aspects of trade. Within the Ministry, the Department of Commerce is responsible for formulating and implementing the foreign trade policy. Deregulation on Government: Deregulation is when government reduces its role and allows industry greater freedom in how it operates. It is therefore not the opposite of regulation, which refers to governmental administration of market constraints developed by written law and judicial decisions.
The Essay on Employee Safety, Health and Welfare
The Company has policies and programs to address our employees’ broad range of concerns which includes working conditions, skills training, career opportunities, health and safety, and work-life balance. We have training and development programs suited to our employees’ needs. We also organize programs that support the well-being of employees, allow them to participate in PLDT’s CSR activities and ...