Contemporary governments promote business development by:
A)increasing business regulations.
B) providing government ownership of businesses.
C) permitting businesspeople to conduct business without the use of contracts.
D)establishing a currency that's tradable in world markets.

Question

Quizplus · Accepted Answer

Establishing a currency that is tradable in world markets promotes business development by providing a stable and predictable economic environment for businesses to operate in. This can help attract foreign investment and increase trade opportunities. Increasing business regulations can actually inhibit business development by creating barriers to entry and increased costs for businesses. Government ownership of businesses can lead to inefficiencies and lack of competition. Conducting business without contracts is not a viable option as contracts provide legal protection and enforceability for agreements between parties.

Contemporary Governments Promote Business Development By