As governments and political leaders respond to economic and political changes, they create incentives for companies to do business within their market and restrictions for certain businesses that could be harmful to the domestic market. In this discussion, you will explore how these incentives and restrictions have influenced and can continue to influence trade and the impact of government interventions on business.
Using the resources from your required reading, address the following as part of your response:
- Provide an example of government economic intervention designed to influence, regulate, or control trade for a specific industry from one of the articles and summarize the government’s reasons for the interventions.
- Identify which parties and organizations were or will be impacted by the government intervention, including any impacts on the price of commodities.
- Briefly summarize key pieces of information a business in the industry from your example needs to know to fully understand how the intervention will affect its business.