National Government Essay Example | Topics and Well Written Essays - 2250 words

National Government - Essay ExampleThe Constitution as the supreme law of the lend empowers the organisation to the legal rights to control the operation of the businesses. There has been a rise in government ordinance with time. Still, the business community has considerate freedom of action.Understanding the US Government business relations requires liberty with the characteristics of the economy itself. The United States has a well-diversified economy with an industrial base. It is a capitalist type of economy with footling public enterprises and lots of privately owned corporations. The success of the economy is due to control rather than the possession by the government. These corporations are far-reaching in search for markets, operating in openness, and judicial processes take a concentre stage in conflict resolution. Great respect is however owed to the existing legal and economic structures (Porter, 3)The government regulation is licensing and permission. Enterprises a re required to be registered to start operations. The US also has a large tote up of corporations who, as a prerequisite, require a charter to commence operations. The same is required for the partnerships and limited liability companies. The policy makers, therefore, monitor the operation of these enterprises.The US economy experienced a total economic assortment in last three decades. In the 1974 Summit Conference on Inflation, thirty prominent economists make a report to the then President Ford together with the congressmen. The report gave strong recommendations to enhance the economy. These include restructuring pricing and doing away with obsolete legislations that resulted in inefficiency. These policies helped develop and strengthen the banking, transportation, telecommunications and insurance sectors (Porter, 10).In 1789, George Washingtons farewell vocabulary had one important message concerning US foreign policy, avoid entangling alliances. To some, these words were w ise,