Impact of Government policy on business

[Pauljonnes1000]

Government policy is very germain and it is a platform on which a business could depend. The government has the power to change policy time to time. For example, there was a time when the government made a policy that all lands belongs to the government. Therefore, no matter what you build or have on a land, so far it is on the ground, the government is concerned about it.

 

[Muhammadawais]

The main statements illustrate the effect on business and industry of government policy changes. Increased competition: The competition faced by domestic manufacturers is growing as a result of policies such as the relaxation of the licensing policy and the decrease of import taxes.

 

[miztersam]

Their is a term in economics called Monetary policies this is usal carried out by the government
Government policies can influence interest rates, Business's do not thrive when there is a high level of inflation.
Some of the most common ways that a government may attempt to influence a country's economic activities by adjusting the cost of borrowing money (by lowering or raising the interest rate), managing the money supply, and controlling the use of credit.

 

[Neta Sam(Samuel Odunlade)]

Government policies on Business over the years have been of tremendous benefits in both negative and positive impact. Depending on the country, some country postulate policy that favours investors while other males there's hostile to investors and business people

 

[Caali]

government policy often destroys and even more often, distorts markets introducing a heavy handed factor of uncertainty for business over and beyond the normal factors like competition, consumer activity etc.

 

[Chumzy]

Every business is sourounded by an environment and it could be internal or external. Government policies are part of the external activities and it makes business hard. They have to cope with or adapt to policies they set out and look to win through it.

 

[katkat]

Government policy will always be there. They created it not themselves alone but also for the protection of the concerned individual or organization. Policies should be for the benefits of both. Sometimes policies are good, question is how they enforced the law.

 

[jagabaney]

Government policy can influence interest rates, a rise in which increases the cost of borrowing in the business community. Higher rates also lead to decreased consumer spending. Lower interest rates attract investment as businesses increase production. ... Businesses do not thrive when there is a high level of inflation.

 

[Kinglegend01]

I don't own a business currently although I have the intention of opening one soon. Yeah, i know about the effect of government policies on a business and I can say that it depends on the type of business because every business is affected differently by these government policies.

 

[Felixko]

government policies on business depends on how the country is, in some place it plays positive function in support to the business growing where as it plays negative functions on business to other country. government can decide to close your business, if he seems your investors percentage is more than his.

 

[Kelly5]

Government policies impact businesses in both ways. Sometimes positively and sometimes negatively. For instance on the negative angle of the impact, Nigerian central bank banned cryptocurrencies transactions on accounts recently and the prices of cryptocurrencies to the countries naira dropped massively.

 

[Chibson]

Government policies have a very great impact on businesses. Any government that is not favorable to business startups, there won't be any business that will survive in such country because the policies of government affects businesses directly. Where there is a favourable policies for businesses of course there will be a lot of successful businesses.

 

[Luckboy]

government policies have a direct impact on business. For example if government impose more taxes & duties on a particular sector than profit margin of this sector will go down even businessmen can lose their interest to this sector and they can give up this business.

 

[Erik4150]

Government will influence a business in one way or another. Sometimes a harsh government policy can drive away foreign investors and expatriate business owners in the country. For small scale business, government policy impacts the kind of investment they make.

 

[Ralphjoe]

Most of the time, government policy never favours the business man and government policies are usually evolving they are not static . Government can wake up one day and just bring up a new policy that will negatively affect most businesses and so a business should be prepared at all times to mitigate the effect that unfavorable government policies may have on it.

 

[Eodine]

The impact of government and their policies should not be underrated. I used to think that you just have to mid your business as a private firm until one of the company where I work sent me a copy of a memo requesting to lay off staffs so as to prevent the harsh measures the government is placing on it

 

[FreshKaz11]

We all know that business can be affected in so many ways and directions. One of the major things that always change the trend of business is Government policy. Most of the time Government policy don't usually favour business owner but few might be lucky to change the fortune of their life.

What is your experience about the policy set up by Government?

What I notice by most of our leaders in our country,they don't have the love of the poor mases in their heart,so once they think about what to do next they don't always care if it is going to affect the poor citizen or something. Once it is going to favor them in one way or the other,they go ahead and make it a law,which is very bad for our country growth and most business owner as well. Most part of phones we both cheap before the price has gone up so much now for a just a man to afford.

 

[Richard92]

Sometimes government policy helps in promoting business why sometimes it affects the business negatively. However the government normally makes policies that help in promoting the economy and business of their state.

 

[Sariana23]

In my country, government policies have affected companies for a long time. Since there is currently an economic destabilization and the government tries to control the prices of products. It does not provide the basis for companies to adhere to these prices, because products must pay for them at high prices, due to the problems that the government has with most countries.

 

[Segshowee]

We all know that business can be affected in so many ways and directions. One of the major things that always change the trend of business is Government policy. Most of the time Government policy don't usually favour business owner but few might be lucky to change the fortune of their life.

What is your experience about the policy set up by Government?

Government policies could impact negatively on business as well as impact positively on business. Whichever way pendulum swings, business owner must learn to position their business in such a way that it would be able to withstand whatever policy government brings up.