The growth in lobbying by business firms and trade groups may be tied to the emergence of hyper-competition in the global economy.

Question

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As businesses face increased competition for resources and market share, they may turn to lobbying as a way to gain advantages and protect their interests. Lobbying can help shape public policy, regulations, and legislation in ways that benefit certain industries and firms, and this can be especially important in hyper-competitive environments where small advantages can make a big difference. Therefore, the growth in lobbying by business firms and trade groups may be tied to the emergence of hyper-competition in the global economy.

The Growth in Lobbying by Business Firms and Trade Groups