Business government and society definition
What is the BGS field?
The business-government-society (BGS) field examines the complex interactions and relationships between businesses, governments, and society.
It focuses on understanding how these three entities influence and impact each other..
- Government and business are inextricably linked in the United States and other developed economies.
Public policies, including regulations, taxes, and programs, have a substantial influence on the economy and the environment in which businesses operates. - The business-government-society (BGS) field examines the complex interactions and relationships between businesses, governments, and society.
It focuses on understanding how these three entities influence and impact each other.
Business, Government, and Society is an interdisciplinary approach to the study of the dynamic interrelationships among the three major sectors of an economy.
Type of financial services corporation created by the United States Congress
A government-sponsored enterprise (GSE) is a type of financial services corporation created by the United States Congress.
Their intended function is to enhance the flow of credit to targeted sectors of the economy, to make those segments of the capital market more efficient and transparent, and to reduce the risk to investors and other suppliers of capital.
The desired effect of the GSEs is to enhance the availability and reduce the cost of credit to the targeted borrowing sectors primarily by reducing the risk of capital losses to investors: agriculture, home finance and education.
Well known GSEs are the Federal National Mortgage Association, known as Fannie Mae, and the Federal Home Loan Mortgage Corporation, or Freddie Mac.
Concept in political science and philosophy
Governmentality is a concept first developed by the French philosopher Michel Foucault in the later years of his life, roughly between 1977 and his death in 1984, particularly in his lectures at the Collège de France during this time.
