How Government Policies Affect Businesses
- Thread starter Golden9
- Start date
In Nigeria, it is govt policies that is affecting the growth of business. our govt is not creating enabling environment for the growth of business. the issues of unsteady power supply, double taxation, security lapses and other things are some of the challenges.
Government policies such as tax rates and minimum wage may affect the profitability of a business.
The government policies are very essential and it affects every part of businesses which is why it is necessary to follow the policies of the government.
It's widely recognized that gov't policies & their implementation significantly affect businesses. Policies such as taxes, regs, trade deals, and subsidies can either help or hinder business growth. A balanced approach to policies considering both business needs and the economy's broader goals can foster a positive environment for business success and overall economic growth.
There is no doubt that government policies will definitely affect businesses.
Government policies are about one of the biggest factors that affects businesses. Just one unfavourable policy can jeopardise your entire business. That's why as business people, we have to learn how to play subtle politics.
