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Unit 38 - Business and the Economic Environment P3
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Unit 38 - Business and the Economic Environment P3 level 3 business extended diploma

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  • June 13, 2018
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  • unit 38 business and the economic environment p3
  • level 3 business extended diploma

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Unit 38
Task P3



P3- Business and the economic environment

In this assignment I will be identifying the impact of government spending on a selected
Business. For this task I have chosen to use Tesco as my selected business.

What is government spending?
Government spending is influenced by the type of government that is in power and the
type of role it sees for itself. Money expended by a government to pay for defence,
development projects, education, health, infrastructure, law and order maintenance, etc.
Government spending is supported by taxation.
Source: http://www.businessdictionary.com/definition/public-spending.html#ixzz3NgQZtKjQ

How is government spending related to government policy?




UK spending at Government Levels Examples
National government Central government departments deal with
national policies on local services in
particular-:
 Department for Children, Schools
and Families
 Department for culture, Media and
sport
 Department for Environment, Food
and Rural afairs
 Department of Health
 Department for Transport


Local Government Have a wide range of powers and duties.
Local councils are responsible for all day to
day services and local matters. They are
funded by the government grants, council
tax and business rates. They are
responsible for-:
 Recycling
 Rubbish collection
 Planning applications
 Housing
 Advice for businesses
 Tourism
 Youth services


European Level Countries in the EU tend to have a higher
rate of government spending UK 47%.




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