Ways GOVT can support business existence during economic crisis.

[TOZZIBLINKZ]

Sometimes economic crisis also affect the existence of businesses and also some businesses tend to shut down or even go liquidated when during economic crisis . Economic crisis are mostly caught in an economy as a result of political issues and disagreement among political personnel and leaders , but most of the time businesses and commercial Enterprises tends to suffer more than they do . There are so many ways that the government can totally support the existence of small-scale businesses and also large-scale businesses even during the face of economic crisis . Economic crisis like recession can totally be effectively tackled by the government so as to help small scale businesses to have a lower cost of production but have an increased rate of profit by providing social amenities and the issue being subsidy to the purchase of some raw materials needed for the production of goods and services for sale .

Social amenities such as good roads , raw material industries , refineries , and a good transportation system on both land , sea and air to aid the easy and free movement of goods and services can totally less than the cost of production even during recession or any other economic crisis .

 

[CALVINDOL]

There are literally so many ways that the government can support the existence of both large scale businesses and small scale businesses and it is totally important that government support the existence of businesses because without governmental support majority of businesses are more likely to go bankrupt or are more likely not to yield what they have totally sow . Some of the ways in which governments can totally support the existence of businesses is by constantly providing social amenities so as to eat the easy transaction and the transportation of goods and services including raw materials from where they are been gotten to where they are to be produced and also finally to where they are going to be sold or bought by the consumers .

Government can also support businesses by issuing subsidy so that cost of producing goods and services could be totally bearable especially for small and infant scale business and organisations . Government can also establish their own personal industries so as to generally and freely support some activities and practices needed by the people .