1. Roles of government in the business environment
State government has power over pollution, price controls, state courts etc. and local government has power over rates, building approvals and zoning. ... To meet these objectives the government must place policies such as fiscal, monetary, trade and income policies. ... Monetary policy can also raise the level of economic activity. It controls the availability of money by influencing the level of interest rates. ... Trade policies help the economy by encouraging Australians to buy Australian products. ...
- Word Count: 425
- Approx Pages: 2
- Grade Level: High School