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Discuss the role of government as the promoter regulator entrepreneur of industrial development?
Wiki User
∙ 10y ago
The promotional role of the government in relation to industries can be seen as providing finance to industry, in granting various incentives and in creating infrastructure facilities for industrial growth and investment. For example, our government has identified certain backward areas as 'No Industry Districts'. To promote development of such areas, Government provides subsidies and tax holiday to attract investment in backward areas. In this way the government will help the process of balanced development and thereby remove regional disparities. The government is assisting the development of small scale industries. The District Industrial Centers are assisting the development of small industries. The government is actively helping the industrial development of the country by providing finance to them through the development banks.
Wiki User
∙ 10y ago
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Why underdeveloped countries prefer imitative entrepreneur?
Basically people of underdeveloped countries cannot take risk (due to lack of education, lack of social awareness, low finance,etc.). Hence they depend on Government to support in creating employment opportunities & expect government to set example in creating /building business organizations usually called as public sectors ( Like in Asia -India & Mexico). government act as creator , regulator & caretaker & helps independent entrepreneurs to come up gradually by following government initiatives. Through public sectors Government of a given nation may train people into industrial behaviour keeping them as employees. By & by it may develop them Intrapreneurs which lead to entrepreneurship. In India Persian community exhibitted entrepreneurial behaviour (in Jewish countries Jews exhibitted the same).Once the culture of entrepreneurship penetrates there is a possibility a society can find more risk takers. If social & cultural background of a country is not towards entrepreneurial behaviour imitative entrepreneur may be needed which a Government can do or a community may do such imitation. Contributor's ID-- y_s_ganesh@yahoo.com
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Why underdeveloped countries prefer imitative entrepreneur?
Basically people of underdeveloped countries cannot take risk (due to lack of education, lack of social awareness, low finance,etc.). Hence they depend on Government to support in creating employment opportunities & expect government to set example in creating /building business organizations usually called as public sectors ( Like in Asia -India & Mexico). government act as creator , regulator & caretaker & helps independent entrepreneurs to come up gradually by following government initiatives. Through public sectors Government of a given nation may train people into industrial behaviour keeping them as employees. By & by it may develop them Intrapreneurs which lead to entrepreneurship. In India Persian community exhibitted entrepreneurial behaviour (in Jewish countries Jews exhibitted the same).Once the culture of entrepreneurship penetrates there is a possibility a society can find more risk takers. If social & cultural background of a country is not towards entrepreneurial behaviour imitative entrepreneur may be needed which a Government can do or a community may do such imitation. Contributor's ID-- y_s_ganesh@yahoo.com
What is the true role of the US government in our free enterprise economic system?
The US government primarily serves as a regulator of businesses and an arbitrator between business disputes.
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