INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The primary reason that governments regulate business activities is to:
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encourage businesses to expand their operations
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limit the level of competition in the marketplace
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protect the well-being of individuals and businesses
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change international trade initiatives
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Explanation:
Detailed explanation-1: -At its core, economic regulation focuses on the pursuit of economic efficiency-typically defined in terms of price, service quality and upholding competitive outcomes wherever possible. In contrast, social regulation is ultimately focussed on addressing risks.
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