Question

The nation of Rhodasia has the lowest entrepreneurship rate globally. A new government, headed by President Harold David Wengerd, aims to make the country's business environment more supportive toward burgeoning entrepreneurs. Which of the following measures should be taken to increase the entrepreneurship rate in Rhodasia?

Answer 1

Eliminating business regulations would increase entrepreneurship rate.

Step-by-step explanation:

The nation of Rhodasia has the lowest entrepreneurship rate globally. A new government wants to make the country's business environment more supportive entrepreneurs.

To make the economic environment more favorable for the entrepreneurs the government needs to adopt policies to make it easier to do business. It can involve reducing license and permit requirements. Providing tax cuts and subsidies.

The government needs to reduce or eliminate business regulations and improve the ease of doing business.