Manage Economic Development

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Added on 2020-01-07

Manage Economic Development

Added on 2020-01-07

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ECONOMICS ANDGOVERNMENT

Table of ContentsINTRODUCTION...........................................................................................................................3Tools that are available to government to manage economy......................................................4CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONGovernment plays very important role to develop economic performance within theenterprise. In respect to this, major functions consist by government through they can make theiroperations within the marketplace. They provide rules and regulations to operate functions indifferent places (Beckmann, Endrichs and Schweickert, 2016). In this context, present reportcovers tools and techniques which are available for government to manage economicdevelopment. Tools that are available to government to manage economyFor managing the economy of country, government has various tools which help them toincrease GDP of the nation. In this context, below are the tools can be explains for developmentof economy:Government spending: In this context, government has tools that they spend for futuregrowth of the nation (Corsetti, Meier and Müller, 2012). In respect to this, fiscal policytools available which help to increase the GDP of country. As results, they enhance theirinvestment through spending money in different aspects. In addition to this, governmentcan influence to their economic conditions through operations of the business. As results,they can easily maintain their growth with the various business functions (Dao, 2014).Generally, government spend money to increase their financial position within the nation.It will helpful to make effective results within the enterprise. Government also make theirtransactions with operating various rules and regulations for other organizations. Theycan reduce negative impact from the business operations on the economic position. Inthis, they can determine productivity and efficiency level of the business high so thatenterprise cannot create negative impact on economy (Martin and Vanberg, 2013). Taxes: Taxes considered fiscal policy tool, in which government make their transactionsregarding business through effective results. Government charge taxes on companyoperations. They determine different tax rate for different enterprise. Thus, they cangenerate more revenue for economy development. Government make their taxes on

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Manage Economic Development