promoting corporate industry the right policy for government

promoting corporate industry the right policy for governments to examine?

Solution

The government has its own logical reasons for promoting corporate industry and the corporate policies. Firstly, the corporate business system brings in a lot of benefits to the consumers and the economy as a whole. Businesses become larger and this helps the economy to grow. Funds brought into the business are larger in a corporate form of organisation and their output is much higher than in other forms. The corporates contribute to the foreign exchange reserves of the country duet o their high volume of foreign dealings.

The corporate industry also brings in policies such as social responsibility which are not present in other forms of business organisation such as partnership and sole proprietorship. It makes the businesses more accountable to the society as a whole and are easier for Governments to implement and regulate.