Answer:
Balance the relationship between business and society.
Explanation:
Government regulates both society and business.
The government regulates businesses to ensure that the activities of businesses are in the best interest of the society. This is why they regulate monopolies, tax companies that create negative externalities and subsidise the activities of companies that provide positive externality.
Government also has to look out for businesses by ensuring that the amenities and facilities needed for smooth running of business activities are in place. This is why a government may regulate import activities through quotas or tariffs.
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Answer:
(C) Partner A will have a smaller loss absorption potential than L
Answer:
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Answer:
An extractive economy
Explanation:
An Extractive economy can be defined as a resource based economy that is based on mining or producing raw materials to be used in foreign industries. This natural resources can be exported for sale in other foreign countries which help to boost economy, growth and development.
