Buisness term of the day - Term for June 13, 2013: Government

government

A group of people that governs a community or unit. It sets and administers public policy and exercises executive, political and sovereign power through customs, institutions, and laws within a state. A government can be classified into many types--democracy, republic, monarchy, aristocracy, and dictatorship are just a few. 

Usage Example

Investigate the needs of the local government to determine if something is lacking or services are being delivered poorly.
Source: 9 Options for Small Town Entrepreneurs