Question

In: Economics

Good government relations are vital. Explain how can this be undertaken successfully.

Good government relations are vital. Explain how can this be undertaken successfully.

Solutions

Expert Solution

yes it is true that good government relations are vital and it can be justify as follows:

  1. Government is the only authority which provide the subsidies which are helpful in the production of essential goods.
  2. Government has the right to handle the unavoidable situations.
  3. Government can reserve the right of reservation of special area for the industries and the development of the employment sector.
  4. Government can control the inflation and deflation situation with the help of various monetary and fiscal measures.
  5. Government can only be source of protection of necessary sectors.
  6. The policies of government can boost the economic growth.
  7. The establishment of the employment sector is the real example of government growth policies.
  8. Government can control and regulate the inequality of different section of the society.
  9. Government can create the situation of easy working of all the sectors.
  10. The establishment of global market is also the outcome of government policies.

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