Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

re write this: The dominance of business in politics could potentially lead to adverse effects on society. Firms that place their financial gains above their

re write this: The dominance of business in politics could potentially lead to adverse effects on society. Firms that place their financial gains above their societal responsibilities often face backlash. Every policy enacted within a company acts as a form of control. However, wealthy and influential corporations hold significant sway over the government. Given that many governmental regulations are established for public protection, businesses opposing them could negatively impact their clientele. A prime example is monopolies. Laws explicitly forbid monopolies as they can harm consumers by escalating prices and suppressing competition. If a monopolistic company is permitted to persist in its practices, it is likely to have a detrimental effect on its customers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Economics Methods And Techniques

Authors: Chandra Kant Singh

1st Edition

9353147018, 9789353147013

More Books

Students also viewed these Economics questions

Question

Speak clearly and distinctly with moderate energy

Answered: 1 week ago

Question

Get married, do not wait for me

Answered: 1 week ago

Question

Do not pay him, wait until I come

Answered: 1 week ago