Question

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

Answer 1

The way that contemporary governments promote business development is by B. establishing a currency that's tradable in world markets.

How can governments promote business development ?

There are several ways that contemporary governments promote business developments in their nation. This is because Government and industry are intimately connected, and the decisions made by one frequently have an impact on the other.

The government should make every effort to maintain a strong economy, including by creating favorable conditions for both small and large firms. Given this situation, the government is equipped with a variety of measures to promote commercial activity across the economy or in particular industries.

One of these measures is by trying to establish a currency that is tradable in world markets so that businesses in a country can easily trade on the international scene and enterprises within a nation can do trade more efficiently.

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