Question

According to Lester Thurow, in the British–American "individualistic" kind of capitalism, relationships among government, management, and labor in business systems are Multiple Choice
1. cooperative.
2. commensalistic.
3. synergistic.
4. adversarial.
5. conciliatory.

Answer 1

Answer:

4. Adversarial

Explanation:

Adversarial means when two individuals or more are on opposing sides.

According to Lester Thurow, in the British–American "individualistic" kind of capitalism, relationships among government, management, and labor in business systems are adversarial because government and business systems tend to oppose each other. This happens when the objectives of a business are sometimes not in line with the policies of the government and vice versa.

Examples of things that could lead to adversarial effect between the government and businesses are:

a. Creation of policies, laws and regulations by the government that may not favorable for some businesses.

b. Amount of tax to be paid to the government by businesses.

c. How industrial waste can be minimized and treated before been released into the environment.

One of the ways to ease the adversarial effect between government and businesses is the formation of trade unions whereby issues related to tax, policies, regulations can be discussed by both the stake holders in business and in the government in order for both parties to be able to resolve any issues between them.