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 Form 2 Business Studies online lessons on government and business

Enabling Environment:ways in which the government uses to create enabling environment for business.

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Answer Text:
v)Enabling environment:
-Refers to favorable atmosphere that is attractive to start and sustain business.
Ways in which the government uses to create enabling environment for business.
-Provision of efficient infrastructure networks such as means of transport and communication
-Provision of credit facilities to businessmen at favourable interest rates.
-Favorable state policies that support and encourage investors.
-Favorable political will and political stability.
-Reliable and efficient legal system.
-Provision of security services in the country.
-Protection of local industries from competition from foreign firms.


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