The cost of doing business is most likely to be the lowest in
A) closed totalitarian states.
B) primitive or undeveloped economies.
C) open democratic societies.
D) countries where local laws and regulations set strict standards with regard to product safety, safety in the workplace, and environmental pollution.
E) countries that lack well-established laws for regulating business practice.

Question

Quizplus · Accepted Answer

Open democratic societies typically have transparent legal systems, stable political environments, and efficient regulatory frameworks that can reduce the cost of doing business.

The Cost of Doing Business Is Most Likely to Be