THE GOVERNMENT AND BUSINESS

PLEASE COMPLETE THE FOLLOWING CLOZE TEST The Irish Government is involved in Business and the Economy for several reasons such as:1. To improve Infrastructure2.To provide essential services3. To ensure fairer distribution of wealth4. To spread economicdevelopment5. To Legislateand RegulateThe Government's policy for raising revenue (mainly taxation) is calledFiscal PolicyMoney spent on the day to day running of the country is called Current ExpenditureMoney required for long term projects is called - Capital ExpenditureWhen income is greater than expenditure, it is known as a SurplusWhen expenditure is greater than income, it is known as a DeficitWhen income and expenditure are equal, it is referred to as a Balanced BudgetThe Irish Government has prepared a 116 Billion plan which aims to prepare and develop Ireland for the future, this plan is referred to as - Project Ireland 2040Complete the following - State AgenciesCommunications = An Post, RTEEnterprise and Business Development = Enterprise Ireland, IDA, L.E.OIndustrial Relations= WRC and Labour CourtTransport = DAA and CIELaws and Regulations = CCPC and CROProduction = ESB and Bord Gais EnergyInfrastructural Development = Transport Infrastructure Ireland (TII)Training and Education= Solas