Answer to Question #179438 in Economics for Ed Al

Question

What is the impact of government rules and regulations on business

Answer 1

The state's impact on entrepreneurship is expressed in a set of legislative, executive and regulatory measures taken by government bodies and aimed at achieving the intended goals of entrepreneurship development in the country.

State policy in the field of regulation of entrepreneurial activity is a purposeful influence of the state on the activities and conditions of functioning of economic entities.

The policy of state regulation and support of entrepreneurship is designed to ensure:

• formation of favorable conditions for doing business;

• accelerating the development of entrepreneurship in the priority functional complexes of the national economy of Russia;

• development of production, social and market infrastructure;

• effective restructuring of the national economic complex and production of products with competitive advantages in the world, Russian, regional and local markets;

• innovative nature of the investment process in all forms and structures of entrepreneurship.

Objects of state policy of regulation of entrepreneurial activity are determined by objects of state regulation of the country's economy.