Government Role in Business
CMAT 2022 · Innovation & Entrepreneurship · Medium · Business Environment
Please select the most appropriate reason for the government's increasing role in business globally:
- A.
Costs of production have continued to increase
- B.
People's attitudes have changed
- C.
Products have become very technical
- D.
Competition in the marketplace has changed
Answer
D
Explanation
Globally, governments intervene more in business to regulate market power, prevent monopolies, protect consumer interests, and address complex shifts in marketplace competition.
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