ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In recent years, several countries have begun encouraging entrepreneurship by lowering taxes, decreasing the time it takes to start a business, and ____
A
high taxes
B
loosening regulations
C
UK has a higher level
D
lot of regulations
E
lower in Europe
Explanation: 

Detailed explanation-1: -Boosts Economic Growth It leads to the developing of new products and services, stimulating investment, increasing productivity, and driving competitiveness. A study by the Global Entrepreneurship Monitor found that countries with higher rates of entrepreneurship tend to have higher economic growth rates.

Detailed explanation-2: -Startup India Seed Fund As per the union budget for the year 2022, this provides government funding for startups in India and the allocation of funds for startup funding is 283.5 crores for the year 2022.

Detailed explanation-3: -Develop a statement to encourage entrepreneurship. Create a bond between employees and the company. Celebrate mistakes. Promote ‘intrapreneurship’ Pursue passions in and out of the company. Entrepreneurship is a mindset. Recognize and reward. Build personal brands. More items •08-Jun-2021

Detailed explanation-4: -Startup India Initiative. Startup India Initiative | Government Schemes for Startup Companies in India. Startup Leadership Program. ASPIRE. Pradhan Mantri Mudra Yojana (PMMY) Chunauti. Digital India Bhashini. India Water Pitch-Pilot-Scale Startup Challenge. Ministry of Skill Development and Entrepreneurship. More items •04-Jul-2022

There is 1 question to complete.