1. What are the historical forces that brought about changes in the business environment? 2. Explain what is meant by the “social contract” between a business and the society in which it operates. 3. Explain the view of capitalism that was expressed in Adam Smith’s Wealth of Nations. 4. Define business, government and society. 5. Identify and briefly explain the models that help in understanding the relationship between government, society and business.

1. What are the historical forces that brought about changes in the business environment? 2. Explain what is meant by the “social contract” between a business and the society in which it operates. 3. Explain the view of capitalism that was expressed in Adam Smith’s Wealth of Nations. 4. Define business, government and society. 5. Identify and briefly explain the models that help in understanding the relationship between government, society and business.