How can the government help private sector?
Dear Student,
The private sector is the engine of growth and Governments can use mechanisms like taxes, levies, fees and royalties to raise funding for financial support. Thus Government plays a centre role in supporting economic growth and reducing poverty. It provides efficient policy, institutions and public goods and services to ensure the private sector can grow and the benefits of growth reach all citizens and help in increasing employment rate.
Regards.
The private sector is the engine of growth and Governments can use mechanisms like taxes, levies, fees and royalties to raise funding for financial support. Thus Government plays a centre role in supporting economic growth and reducing poverty. It provides efficient policy, institutions and public goods and services to ensure the private sector can grow and the benefits of growth reach all citizens and help in increasing employment rate.
Regards.