What Role Do Governments Play in Providing Regulatory Support?
Governments play a pivotal role in providing regulatory support by:
Formulating Policies: Developing policies that foster a supportive environment for entrepreneurship. Providing Infrastructure: Investing in infrastructure that supports business activities, such as transportation and communication networks. Offering Financial Support: Providing funding through grants, loans, and subsidies to support startups and small businesses. Ensuring Fair Practices: Enforcing laws that prevent unfair practices and protect the interests of all stakeholders.