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What Are The Four Bps Relationship Models

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Running head: BGS RELATIONSHIPS MODELS 1

BGS 4

Business, Government, Society (BGS models)
Takeyvia Jeanes
Bethel University
MOD 430

Business, Government, Society The market capitalism model of the four BGS relationships models would be the best model for promoting the greater benefit to society as a whole. The market capitalism model market the economy by providing trade and capitalism help the economy ideology with production the profit motive, free competition and limited government restraint in markets including private ownership. The market capitalism model is an economic philosophy that rejects government intervention in market. Market capitalism model relationship provides limited government regulations for society needs, discipline private economic activity to social welfare, take proper measure of corporate and the ethical duty of management (Bethel University, 2017). The society produced mainly on the trade in which economy markets play a major role in creation and distribution of goods. Because of the expanding and producing more for the trade the system of managerial capitalism are large firms run by salaried managers that have limited ownership and work for shareholders. This market capitalism has expanding in the world that allows individuals …show more content…

The quality of the product, service, and price helps with the benefit of the consumer’s competitive market. The market capitalism is the relationship model that allows businesses to promote social welfare and helps economic values in the industrialized to increase in markets. A flaw of the market capitalism model is the critics who see the flaws in the market capitalism. If the market capitalism is built for the society to protect all its flaws and should include all aspects of economy needs for the use of human

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