Final answer:
Business and industry cater to consumer demands, which are influenced by economic growth and government investments. Lobbying and special interest groups can also affect business practices and economic policy.
Step-by-step explanation:
Business and industry often respond to the buying demands of consumers, who drive economic activity by purchasing goods and services. This interplay influences how businesses operate and what products they offer. During periods of economic growth, like when the government invests in defense and research, industries such as construction and automobiles thrive, leading to higher employment and wages.
Furthermore, businesses sometimes exercise influence by engaging in lobbying efforts to advocate for policies that benefit them. Economic policies can also be affected by special interest groups like the steelworkers union, which may lobby for protective measures such as tariffs that benefit their members but might lead to negative economic outcomes overall.