The nation of Mizentin has the lowest entrepreneurship rate globally. A new government headed by Prime Minister Anson Rhone aims to make the country's business environment more friendly toward burgeoning entrepreneurs. Which of the following measures should be taken to increase the entrepreneurship rate in Mizentin?

Question

Quizplus · Accepted Answer

Complex regulations can be a major hindrance to entrepreneurship as they increase the cost of starting and running businesses. By eliminating these regulations, Mizentin can encourage more individuals to start their own businesses, ultimately leading to a higher entrepreneurship rate. None of the other options directly address the issue of entrepreneurship, and in some cases, they may even discourage it (for example, employment protection laws may make it harder for businesses to hire new employees).

The Nation of Mizentin Has the Lowest Entrepreneurship Rate Globally