Discussionon the role of government in business
THE ROLE OF GOVERNMENT IN BUSINESS The government as we know it in modern times has a broad spectrum of functions and roles it plays in the society. It functions mainly in the form of providing coordination, organization, management and leadership to the affairs of both human and material resources in the society. Here, we will be looking at the role that the government plays in the business environment in Nigeria. Nigeria has always operated a capitalist system of economy, but during the period of military interventions and administration there seemed to be a switch to a planned economic system, with the increased direct involvement of the government in business activities. However, in recent times the government has started playing more of a regulatory role in the economic activities of the country. This is evidenced by the privatization of various government-run organizations and institutions. In a capitalist economy like Nigeria, the government performs two major ro