The relationship between business and government in a modern society.
Government exercises a variety of important powers in dealing with the individual private enterprisse, ranging from taxation to regulation.
Business, iin turn, relies on constitutional protections and its substantial financial resources as well as on public support of tis basic role in creating income, employment, and material standards of living.
The business-government relationship in a dynamic society is constantly changing.
The line between the public and private sectors frequently shifts.
In a global economy, that line is especially difficult to define. As we will see throughout this book, the strategies and issues discussed apply, with perhaps minor variations, to most governments and businesses around the world.
Nevertheless, examples, illustrations, and discussions are taken in large measure from the experiences of firms headquartered in the United States - although increasingly they do business in many nations on several continents.
source: Business and Government in the Global marketplace (seventh edition, Murray L. Weidenbaum)
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