ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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high taxes
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loosening regulations
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UK has a higher level
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lot of regulations
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lower in Europe
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Detailed explanation-1: -Government direct business regulations are federal rules and acts enacted to safeguard businesses and the public interest. Small firms can benefit from these restrictions as they expand. For example, if you operate a construction firm, government rules may demand the use of specific safety equipment on the job site.
Detailed explanation-2: -Government policy can affect interest rates, which increases borrowing costs. Higher rates will lead to reduced consumer spending, but lower interest rates attract investments as businesses increase production. Businesses can not prosper when there is a high rate of inflation.
Detailed explanation-3: -The regulatory role of the government involves formulating and implementing various direct and indirect measures to monitor and regulate the economic activities of the private sector.
Detailed explanation-4: -The regulation of business activities like import and exports, foreign exchange and etc., through Imports and Exports (Control) Act, COFEPOSA, FERA and FEMA. The Imports and Experts (Control) Act, 1947 amended from time to time empowers the government to prohibit or control imports and exports in the public interest.