Examlex
In 2018, the Tech for Good Summit, hosted by French president Emmanuel Macron, brought 50 CEOs and top executives from the world's leading technology companies to discuss how technology can positively contribute to society. Uber committed to providing free health insurance to its drivers in Europe. Macron conveyed France's support for innovation coupled with tougher regulation and working for the common good. In working together to influence one another and effect change, these companies and the French government were practicing _____________.
Budget Deficits
A financial situation where a government's expenditures exceed its revenues, leading to increased borrowing or reduced spending.
Public Debt
The total amount owed by the federal government to the owners of government securities; equal to the sum of past government budget deficits less government budget surpluses.
Regulatory Capture
A situation where regulatory agencies are dominantly influenced by the industries they are charged with regulating, often leading to biased decisions favoring industry.
Government Agency
A permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an agency of the federal or state government.
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