Chapters 2 to 5 have set out the economic theories of how companies operate, and Chapters 6 to 8 have described their broad economic environment. This chapter, and the next, discuss some of the practical problems of economic policy which impinge on a company’s operations. In particular, this chapter describes some of the main areas where governments regulate industrial activity in order to meet their policy objectives. Often these objectives may be based on some ill-digested theory totally unrelated to existing circumstances, but that does not in any way moderate the resultant impact.
KeywordsSmall Firm Fair Trading Regional Incentive Public Ownership Resale Price Maintenance
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