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Chapter 10 Government influence on businesses- economic policy and regional policy mind map
Description
Mind Map on Chapter 10 Government influence on businesses- economic policy and regional policy mind map, created by Michael Wang on 25/08/2015.
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mind map
chapter 10
business
business studies
government influences
economic policy
regional policy
Mind Map by
Michael Wang
, updated more than 1 year ago
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Michael Wang
about 9 years ago
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Resource summary
Chapter 10 Government influence on businesses- economic policy and regional policy mind map
Role of government in economy
Promote economic growth
Maintain price stability
Reduce unemployment
Control balance payments
Imports
Exports
Reduce gap between rich/ poor
Examples of government influence
Subsidies
Green products
Solar power
Rent free
Local industry site
Create Jobs
Employment Subsidies
Depressed Area
Government training and advice
Business product overseas
Consumer Legislation
Protection from business
Business too powerful
"Monopoly"
Little competition
Fiscal Policy
Change Level
Taxation
Gov. spending
Help achieve aims
Lower Tax
More jobs
More money
More demand
Regional Policy
Solve regional problems
Income inequality
Unemployement
Attract businesses to run-down areas
Why do government influence businesses?
Consumers
Consumer Protection from business
Business too powerful
"Monopoly"
Little competition
Exploiting consumers
Boom/Recession
Control impact of businesses
Environment
People
Employees
Safety
Not exploited
Environmental
Damage
Waste disposal
Kill plant
Kill animal
Toxic
Government Expenditures
Range of services
Healthcare
Education
Defence
Transport
policing
Higher spending
Welcomed by business
Depends on where money is spent
Taxation
Direct
Charged on income
Indirect
Put on spending
Lowered
More spending
Increase product
Raise price
Raised
Cutting investments
reduce dividends
Monetary policy
Adjust money supply
Interest rates
Interest increase
Cost rise
Reduce profit
Purchase of capital goods discouraged
Expensive
Mortgage payments rise
Less to spend
Change in interest rate
Impact on business with debt
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