Question
State FOUR ways through which government control businesses.
Answer
(i) By licensing of business in the country
(ii) Imposing taxation
(iii) Setting standards for both locally produced and imported goods
(iv) Formulation of rules & regulation that must be adhered to in various businesses operations
(v) Fixing quotas
(vi) Imposing total ban on new businesses
(ii) Imposing taxation
(iii) Setting standards for both locally produced and imported goods
(iv) Formulation of rules & regulation that must be adhered to in various businesses operations
(v) Fixing quotas
(vi) Imposing total ban on new businesses
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