1. Legislation – the government can provide a legal framework to govern the operations of companies and provide protection to various categories in the population e.g. setting minimum wages, environmental laws etc.
2. Monitoring – the government can conduct statutory audits and investigations to ensure companies are carrying out their activities within the laid down laws.
3. Offering investment incentives – to encourage companies to invest and operate within the law, the government can offer incentives such as tax waivers, investment concessions etc.
Lellah answered the question on November 8, 2021 at 06:47
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