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...Business government and regulation c h a p t e r o b j i v s after studying this chapter you should be able to articulate brief history of role in its relationship with appreciate the complex interactions among public identify describe nonregulatory inuences especially concepts industrial policy privatization explain major reasons for types issues arising out provide perspective on versus deregulation along accompanying trends regulatory reform their characteristics few seem excite businesspeople as much society became true when began playing more active over past years depth scope direction gov ernment involvement has made one most hotly debated modern times addition particularly ensured place stakeholders which must establish an effective working relation ship if it is survive prosper never been fond increasingly activist ing ground rules under operates almost always against increased federal contrast pub lic interest cyclical going through periods thought that fed eral had too power...