What is one of the significant roles of government as a stakeholder?

One of the significant roles of government as a stakeholder is regulating the economy and passing laws. This role is crucial because the government creates a framework within which businesses operate, ensuring that there is order and fairness in the market. By implementing laws related to consumer protection, labor rights, environmental regulations, and competition, the government helps to maintain a balance in the business environment. This regulation can directly affect how businesses function, influencing their strategies, operational processes, and ultimately the economy's health. The government's role in setting these regulations is essential for building trust in the marketplace and protecting the interests of both consumers and businesses.