A Study into the Relationship between the Government and Corporations Research Paper

A Study into the Relationship between the Government and Corporations - Research Paper Example The relationship of Government with Corporation used to be of lasses faire or socialist nature. However, today things have changed and the nature of relationship between Government and Corporation has evolved. According to (Alfredo,1999)â€Å"Today's relationship between government and business is thus neither laissez faire nor socialist, but rather a combination of both, essentially what is called a "mixed economy†. It is a fact that the businesses which deal with international business have to deal with two national governments. This procedure where business with two countries are involved, there can arise congruence of conflict between two governments. Here we can study the relationship dimensions of a corporation with that of a government in a brief manner. The Structure of government of America In order to understand the relationship of Government and Corporation, a brief look into the American governmental structure is essential. In the American Government , the executiv e position is held by the President of America and he also act as the head of the state and deal with diplomatic activities and hold the position of commander in chief branches of the armed forces. America also allows the vice president to hold the post in an Executive branch .Now it is the legislative branch which explains about the laws pertaining to the society and community of America. As per (Longley,2012) Every society needs laws. In the United States, the power to make laws is given to Congress, which represents the legislative branch of government. The laws of judicial branch of America are often confusing and vague and it is the federal judicial system which figure out what is constitution part of the law. Then there is the federalism which allows the sharing of power between different branches of the Government. Also it is the federal Government which is regulating the day to day functions of huge and small corporate in America. In Concise it can also be said that the pres ent day American Corporations are regulated by the Federal Reserve System of the country. The Federal Reserve is the body of American Government which governs and controls all financial matters of the country.As per (bare foot) â€Å"The Federal Reserve is at the root of most of our present statutory regulations, "laws", in the control and regulation of virtually all aspects of human activity in the United States†. Different types of corporations in U.S. In America there are different types of corporations that are registered under the state law and pose as a single entity with specific privilege and liabilities. In the website (Wise Geek, 2003) writes that, â€Å"In general sense, a corporation is a business entity that is given many of the same legal rights as an actual person†. The corporations can be classified into different forms according to their nature and business motive. This includes public and private corporations whose nature, motive and structure may be different and varied. Although most of the bodies are formulated for business motives, we can also find charitable organization, public bodies and clubs included in this category of corporations. Even though the corporations are impersonal entities, Government has imposed rights and responsibilities like person to these