1. Roles of government in the business environment
To meet these objectives the government must place policies such as fiscal, monetary, trade and income policies. Fiscal policy is the deliberate action of the government to change its levels of income and expenditure, through the annual budget. ... Monetary policy can also raise the level of economic activity. ... Trade policies influence the exchange rate and determines the levels of production for Australian industries. ... Trade policies help the economy by encouraging Australians to buy Australian products. ...
- Word Count: 425
- Approx Pages: 2
- Grade Level: High School