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The Government and Business - Coggle Diagram
The Government and Business
Reasons for government involvement in business and the economy
-to improve infrastructure
-to provide essential services
-to ensure fairer distribution of wealth
-to spread economic development
Governments role in creating a positive climate for business
state agencies
-funding
-international offices
-encouraging r&d
-market research centres
-events
IDA
Provides information and statistics
Provides assistance
Creates links and networks
Grands and funding
Impacts of state agencies on business climate
Increased Assitance
Increases sales
Reduces business costs
Increases employment
Reduced Resistance
-Reduces business sales
-Increases business costs
-Discourages business expansion
Enterprise Ireland
Government income and expenditure (fiscal policy)
NATIONAL BUDGET
used to run government departments eg. department of education
require current and capital expenditure
surplus / deficit / balanced
impact of tax on business climate
increased tax
-increases price of good+services
-increases business costs
-reduces business profits
Laws and regulations
data protection
company
company
consumer
enviromental
employment
The Public Sector