Ways the government can impact business existence.

[CALVINDOL]

The government of an economy has a whole lot of role and duties and also a whole lot of responsibilities to play in the life and in the existence of business owners and their businesses . A business cannot become successful entirely without the support of the government because the government are the ones responsible to provide social amenities and environmental commercial projects for the purpose of assisting the transaction and the free flow of business activities between the sellers and buyers . There are so many ways the government can support the existence of businesses but one of the most commonest ways is by providing social amenities such as good roads and other transport system efficient and free for business owners to transfer raw materials and finished goods possibly from where they are being gotten to where they will be transformed into finished goods and also in the case of finished goods they can be transported from where they are produced to where they will be sold either to wholesalers or to the final consumers .

Secondly the government can support producing firms and manufacturing industries by providing subsidies for the purchase of some raw materials . For example in Nigeria there is something known as oil subsidy which is provided by the government in order to subsidize the price of oil so that private oil manufacturing firms can totally purchase oil and maintaining a minimum cost of production to make this oil available for the local market .

 

[Axis]

A government can impact business existence by performing some necessary and important responsibility required by them. A goofy can impact business existence by giving out loans with low interest rates to those who plan on starting up a business. When the interest rate attached loans is low this will encourage people to borrow money in investing for starting up a business. Another way in which government can impact business existence is through the provision of social amenities.
When the provision of electricity water and good news the business activities would be smooth and not be hindered. Because businesses will find it easy to perform the activities necessary to be done in the business. And also government can help in business assistance by ensuring its stability an unstable government can sell as a problem and challenge for businesses to grow and so they need to strive in been stable in their activities so that it will affect business positively and not negatively. These and many more are some of the ways in which government can impact to business existence.

 

[TOZZIBLINKZ]

The government absolutely have a big role and responsibility to play in the existence of businesses all around the country in which they exist . They can totally show this when they provide social amenities responsible for the purpose of allowing businesses to carry out business activities and responsibilities thereby easing the free flow of goods and raw materials transaction from one location to another possibly from where they are gotten to where they are to be produced , or possibly from where they are produced to where they are to be sold to the wholesaler all to the final consumers of the products and services .

Good transportation system totally impact on business organisations and that is definitely the duty and responsibility of the government to provide good transportation system for business transaction to be achieved and accomplished . The government can also help in areas of taxation thereby subsidizing tax so that it become bearable for some businesses who possibly as small-scale and infant businesses .