¶ … Government Encouraging Small Businesses
Importance of Government Encouragement of Small Business
The socio-economic considerations of the federal procurement process
The federal procedure is made up of different social-economic factors that are of contention in establishing a free and fair-trading. The core intentions of the existence of the federal procedures are to foster stability in the fields of social and economic exemplifications. The policy statements laid by the federal procedures are directed at bringing the best out of the economic and social conditions of the people. In many avenues that cater for varied approaches of loving amicably in the country, the United States of American government established a branch of cohesion and establishment of a free trading mechanism for all the people (Feldman, 2013). The federal procedures ensure the country has existed in terms of stable and functioning social-economic platform. For instance, the stability reflects on the magnitudes of exploring profitability to the entire society. It is upon the federal government and its stakeholders, to yield a solid foundation that will reflect a continuum in growth and development of the socio-economic stabilities of the citizens of the country (Reif, 1996).
In other words, the existence of the federal government and departments ensure that all the parameters of growth and development within the country have been established. These avenues of growth and development will ensure a continuum of growth and development without having to limit productivity of the marginalized regions. The federal government is subject to elicitation of policies that ensure a conserved environment for all the people. This is because the social procedures that establish cohesive existence promote economic growth and development in the country (Gosdin & American Bar Association, 2007).
The socio-economic conditions and procurement process elicits variance in avenues of growth and development within the different regions of growth and development in the country. For instance, the establishment of these policies ensured that all the stakeholders involved in soliciting...
Socio-economic conditions in the United States of America are categorical of every procedure that leads to success within the people and the country as a whole.
Contract financing via loan guarantees vs. Private financing
Contract financing and loan guarantees are assured within the business premises. Contract financing is financing that requires the pertinent members to be engaged in agreements that involve fulfilment of tasks and responsibilities. For instance, the pay back agreements will be based on completion of the contract that has been tabled at the process of accessing the loans. Businesspersons and people entitled to such financing have to take responsibilities of working within a given segment of productivity that yields benefits to the person issuing the financing (Feldman, 2013). The contract is agreeable after processing all the requirements and capabilities of performance through the loan awarded. The parties strike agreement on how to have the procedures agreed without difficulties. A loan is awarded to the person in need of it. After issuance of the loan, what follows is the capability of the loaner to get the loan process agreeable and completed. The terms and conditions that bind the two agreements are based on the existence of parties in private and public settings (Gatti, 2013).
Private financing when the person or organization in need of the loan is called to operate within private terms and conditions of service. For instance, it pays a lot to have a society that dwells within a palatable ground of existence and financing. Private financiers are different from public financiers. In many cases, the differences are attributed to the levels of variance in credit allowances, magnitudes of loans awarded, and other terms and conditions that apply throughout the process. In most cases, private financing does not involve contractual terms and conditions. For instance, many private organizations would consider direct loan processes in order to ease the entire burden that can be accrued to the person taking up the loan. The existence and use of loans within…
