Big Business refers to large scale financial or business activities of corporations.
Characteristics | |
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Arguments in favor of | Arguments opposing |
Influence over government. | |
Significant power of big business can function as a check on government activities. | Coordinated lobbying of big business may influence government policies in favor of big business. |
Influence over economy. | |
Coordinated influence of big business can create more efficiency in the economy. | Profit driven competition of big business may negatively impact the labor, consumers or investors. |
Influence over environment. | |
Coordinated efforts of big business can create awareness on environmental issues. | Profit driven activities of big business may significantly degrade the enviornment. |
Competing Views...