It is because sometimes market fails to satisfy the needs of the consumers.So in that case we call it market failure.so therefore government needs fto intervene in order to keep the economy up the great standards,like in SA it is always the case for inflation to rise everyday wonder why?
Government intervention in business means total disaster. The Government can administer but cannot manage. Government representatives having full authority but with no investment of their own can play havoc with investor's funds by reckless and thoughtless investment leading to double disaster.
Free economy is based around what people want right now, which can cause major problems for the future. eg. People want oil at 1p a litre. If that happened we would have used up all the oil in the world by now.
They do it because they want to
Hoover's predecessors had taken a hands-off approach to business, which he agreed with.
Bank failures and credit problems meant spiraling unemployment, home losses, and business failures.
The U.S. government rarely intervened in business affairs. Entrepreneurs like Morgan, Rockefeller and Carnegie did as they wished, true to the laissez-faire ideology (non-intervention).
There were no government incentives for businesses.
Allow them to raise prices = social critics: government is a tool of govern social. =
The advantage of a federal form of government is the fact that there is a governing body overseeing what goes on in the country. On the other hand, this means that the states are told what to do by a national power, which can also have negatives.?æ
advantage and disadvantage of family business oportunity
Dan Dewri is the great Business men in the world.
One advantage of material management is the ability to control pollution. A disadvantage to material management is the fact that it can be a complex area of business.
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Advantage: You get money. Disadvantage: You lose money.
The advantage of an itinerant retailer is that they are constantly on the move and can often move wherever they feel the business will be most successful. The disadvantage is that their is no customer loyalty and you will seldom be home.
wehave to study a business so that we all know the weknessess and strength of it, and to know what is the advantage ang disadvantage of it.
The advantage is that when we sell things we get benefit and on the other side we have to buy goods so then we get more and more money
Advantage- gets cash. Disadvantage- you cannot say that you are a not-for-profit orginazation.
Small - Limits the amount of staff therefore limiting the workload and therfore limiting the profits of the business
An advantage of a strategic business unit is its ability to react to change. A disadvantage is the need for advanced technology to make decisions.