Governments Should Not Run Businesses But Only Provide Regulatory Essay

politicss Should Not Run Businesses But Only Provide Regulatory Framework For The Business - strain ExampleThese ideologies positioned themselves towards left, right or center way of political thinking. Several combinations of the political and economic ideologies view taken shape with a proper mixture of what was believed to be ideal at that particular presage of time. These combinations took the form of Elitism, Pluralism and Corporatism, the purpose of these theories universe to define and describe the relationship between Government, Business and Society. These theories, concepts and ideologies had also inclined rise to certain economic terms explaining the relationship between administration and business, which are important and film an understanding to pursue our further discussions on this paper. They areClassical Economics - implying a minimal affair for the government activity with greater in betence for the business to act and interact on its own with the forces o f demand and write out to bring in equilibrium of the economy.Keynesian Theory of Economics - advocating a higher rate of fundamental interaction by the government on the market forces at a macroeconomic level, so that the advantages of such interaction can be possessed by the business. According to this theory no equilibrium of the economy leave be brought by, without the interaction of an external force like that of the government.Neo Classical Economics - identified the inefficiency the Keynesian theory to recognize the importance of economic infrastructural inputs like transport, ports, education, competitive market etc., which are vital small economic factors to be considered for the wellbeing of the society. Any inefficiency creeping into these sectors because of the intervention of the government would result in the weakness of the total economy of the nation concerned.The framework of neoclassical economics is easily summarized. Buyers attempt to maximize their gains fr om acquiring goods, and they do this by increasing their purchases of a good until what they gain from an extra unit is just match by what they have to give up to obtain it. In this way they maximize utility-the rejoicing associated with the consumption of goods and services - (Roy Weintraub 1985 pp1)Although these principles provide different degrees of governmental interference in the businesses, to determine exactly the mapping of the government in bringing about the discipline into the business would be rather difficult and would depend upon the infrastructural and natural resources in reserve for the country. This paper attempts to bring about a comprehensive answer to the question, whether the government should extend its presence more into the various businesses or limit its role to a mere regulative body so that it oversees that the business run smoothly and achieve the goals for which they had been established. The analysis of the answer to this question is being carrie d out by a review of arguments against the government owning businesses and also a review of the regulations by the government on the conduct of the businesses.2.0 WHAT ARE THE GOVERNMENT BUSINESS ENTERPRISES AND THEIR ROLE IN BUSINESS PROMOTIONThe Government Business Enterprises can be defined as agencies and organisations which are established by government- usually