Government role in a market economy Essay Example | Topics and Well Written Essays - 1000 words

Government role in a market economy - Essay Example The need of the hour is to have a proper system in place which shall form the basis of immense success for the sake of the organization and hence the government of the land needs to play its quintessential role nonetheless. Moving ahead with the debate, how the government comes into the equation is an interesting debate. This is because the government is usually held responsible for all the actions and undertakings that are being taken on the national level, and thus the brunt is dropped on its head whenever there are serious issues that come to the surface (Rao, 1998). How the government copes with the pressure that is exerted upon it is something that must be understood within the related settings. Proper arrangements should be made to guarantee that these are followed by the organizations within the country, and that success comes about in full circle within the related aegis. The government must give subsidies, lower the taxes and provide relief in different forms – all of which should embody the basis of attaining harmony within a free market economy. ... hat the negativities with regards to the free market structures are taken care of, and if there still exist any further problems, the same are handled in an amicable way. This will resolve the ambiguities that exist within the related fore as well as take care of the free market economic realms in the long run. The government makes sure that the ant-trust laws are reinforced and thus the promulgation of the same would mean success for the sake of the organization in the long run. It would also mean that the government plays its significant part within the protecting of property rights for the free market economic domains and realizes its due role within making the market a freely accessible one. This highlights the proactive role of the government and how it would delve deep into building trust and credibility within its related regimes. The government provides a stable fiscal and monetary environment which shall bring a lot of respect for the government in the long range but what it will really do is to encourage the stakeholders to give in their best time and time again. The political stability is preserved if the government realizes its role towards building the free market scenarios which are indeed something that can go down well within the organizational and indeed the industrial concerns. The role of the free market economic stakeholders is directly dependent on how the government shapes up its own self. If the government realizes its responsibility towards building the economic undertakings, then this would that it is playing its part in a very proactive fashion. However, when this does not happen, there are bound to be serious irregularities. What is most important is to know that such measures would mean failure of the economic undertakings that exist within

Business law assignment Essay Example | Topics and Well Written Essays - 1500 words - 1

Business law assignment - Essay Example e marijuana will still be an illegal drug in other states, businesses are more likely to restrict their operations with Colorado and Washington where it is legal. When it comes to the American legal system, federal law is regarded as a higher authority than state laws as they may not prevail consistently throughout the whole nation, unlike federal law. At many instances, state law comes into conflict with federal law, in which case, a federal preemption is enacted where the state law is invalidated in the light of their inconsistencies (O’Reilly, 72). The legal aspect revolving any business is an important determinant of its activities and operations, as they occur in compliance or in conflict with the state order or law. The legalization of pot opened way for new business and ventures as investments poured into the relatively infant area of legalized business activity. One aspect of marijuana legalization is the end of illegal criminal activity associated with underground marijuana sale. With the new development, businesses are hopeful of generating high profits with new business ideas revolving around marijuana. Apart from its use as a recreational drug, marijuana is also known for its helpful medicinal properties. Due to this purpose, marijuana research centers could be established to carry out further research as to its use for curing diseases and healing some form of cancers. According to the White House, a number of states possess laws regarding medical usage of marijuana with Colorado and Washington completely legalizing its usage (n.pag.). A factor to consider is the dual status which implies that states other than Colorado and Washington still treat marijuana as an illegal drug, whose sale and trade is a criminal act. With its legalization in Colorado and Washington, it is evident that the marijuana related business is thriving. However, the nature of such businesses should be restricted within due to the legalities. This means that any marijuana