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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.

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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.


Does the US have a free market economy?

No, the United States does not have a free market economy. Instead we have a mixed economy- government has some control over economic decisions ,but mostly acts as a regulator


What best describes the role of government free enterprise system?

The role of government in a free enterprise system is primarily to establish and enforce the legal framework that allows markets to function effectively. This includes protecting property rights, enforcing contracts, and maintaining fair competition. Additionally, the government may intervene to correct market failures, provide public goods, and ensure consumer protection, while generally allowing businesses to operate with minimal regulation. Overall, the government acts as a facilitator and regulator, promoting economic stability and fairness.


What is the central bank and who control it?

Central banks are the regulator or supervisors of banking operations in a country. All member banks that operate in a country have to follow the rules laid down by them. The government of the country usually controls their operations but in most cases they have powers to take decisions on their own.

Related Questions

The regulator of people and their activities is?

The regulator of people and their activities is government!


Who or what is the regulator of what people and their activities?

the government


Who or what the regulator of people and their activities?

the government


What is Mastic Regulator?

A mastic regulator is a pressure controlling device that smooths out the flow of high viscosity fluids in a pressurized system. Generally used in the industrial application of sealants and other caulking.


What was the regulator movement?

In South Carolina, the Regulator movement was an organized effort by backcountry settlers to restore Law and Order and establish institutions of local government.


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.


What factors contribute to the growth of fan regulator manufacturing in India?

The growth of fan regulator manufacturing in India is driven by a combination of government support, increasing market demand, and the availability of skilled labor. The government's push to reduce import dependency and promote domestic manufacturing through various incentives has attracted significant investments in the sector. Additionally, the rising need for energy-efficient and affordable electronic products fuels the demand for locally manufactured fan regulators. With continuous development in the supply chain and technological advancements, India is steadily positioning itself as a global hub for fan regulator production, catering to both domestic and international markets.


Is Primerica a legitimate company?

Short answer yes. Look them at these government agencies Www.sec.gov Www.ftc.gov Or financial regulator Www.finra.com


How to install grand am regulator?

Which regulator and what year? You have a window regulator, voltage regulator, fuel pressure regulator to name a few.


What MC mean on acetylene regulator?

"MC" on an acetylene regulator usually refers to the type of cylinder it is designed to be used with. In this case, "MC" stands for "medium duty cylinder," which is a smaller sized acetylene cylinder compared to larger industrial cylinders. The regulator is specifically designed to fit and work with MC-sized acetylene cylinders.


Where is the regulator on a 1978 dodgetruck?

Which regulator?