How Government Can Be Influenced By Big Businesses

Analyse the power of business. Explain how government can be influenced by big businesses. Use examples in your answer.
Businesses have the capability to influence economy, technology, political, legal culture, environment and individuals. They are crucial in the production of goods and services and also responsible in supplying goods and services in order to meet consumers’ demand. Consumers may benefits from the broad options of products due to competition between firms that produce variety of goods. What motivates private business to start production is profit maximization
They have the power to provide proportion employment opportunities to the society. If there are more business start-ups, this inevitably increase demand for workforce that are required to operate the companies and its productions. In overall, this can reduce the unemployment rate within a country. Workers who gain income now have the purchasing power to obtain goods and services they desire which will then improve the standards of living of a country. Governments can also benefits through the increase in business activities. One of these beneficial prospects would be a large share of corporate taxes paid by businesses

The person who practices lobbying is called a lobbyist, which is also named as “professional persuader”. In brief, lobbyist is when a person is hired to represent the arguments of interest group clients. The Woodstock Theological Centre, defines lobbying as “the deliberate attempt to influence political decisions through various forms of advocacy directed at policymakers on behalf of another person, organization, or group” (Arroyo, Connor, Gardner, Lacovar, & McCarthy, 2002, p. 82). Lobbying presence can also be found within American political and legislative system from