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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Regulating technology
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Acting as a referee
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Ensuring a business’s profitability
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Protecting the environment
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Detailed explanation-1: -The government may help businesses by providing financial, legal, and other assistance. It can also be a public servant, enacting and enforcing consumer protection, labour safety, and other regulations.
Detailed explanation-2: -Government and public policies establish the legal system and also the specific rules under which all businesses operate. And government taxes businesses to reflect businesses’ use of public services and to collect revenue to fund government operations. Businesses are creations of government.
Detailed explanation-3: -To set up business as per guidelines issued by the government. To ensure regularity and honesty in the payment of fees, duties and taxes. To follow pollution control norms set up by the government. More items