Government activity on behalf of business
Government activity on behalf of business
- Infrastructure creation and maintenance
- Roads, airports, waterways, financial system
- Support of R&D
- Govt. funds 45-50% of research in the US: half in aerospace
- Assistance to new and developing industries
- Loan programs such as rescue of Chrysler and Lockheed -Space industry, aircraft industry, tax breaks
- Purchase
- Govt. spends about 19-25% of GDP
- Sales promotion and data bank maintenance
- Export and trade promotion