Explain five ways in which the government gets involved in business acitivities.

      

Explain five ways in which the government gets involved in business acitivities.

  

Answers


william
i. The government may regulate business activities through licensing/ensuring standards/Legislations which help to control the business activities in the economy.

ii. The government takes keen interest in training people to understand the business activities through Kenya Business Training Institute(KBTI)

iii. The government can engage in business activities by the government initiating/supporting policy to encourage business people to enter into business which help to increase volume/variety/services traded in.

iv. The government engages in business activities involving provision of public utilities which are essential services such as water/sewage/power/transport/communication provided by local authorities/central government.

v. The government can create a conducive environment in which business people are able to start sustain their business.
steve williams answered the question on December 30, 2017 at 13:54


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