CQ 2: Are small businesses or large businesses most important in economics?
8 important questions on CQ 2: Are small businesses or large businesses most important in economics?
What is efficient acces to credit? (2)
- Low costs to register a property
- Higher credit information availability
What is rigid labor regulations? (3)
- Difficulty of hiring
- The rigidity of working time
- The difficulty of firing
What is an informal entrepreneur?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
What can governments do about SME's in the informal economy?
- Do nothing
- De-regulate formal entrepreneurship
- Eradicate informal entrepreneurship
- Formalize informal entrepreneurship
What happens when the government does nothing?
Leaves intact the negative impacts on formal businesses
- Unfair competition
Employees and customer
- No guarantee that health and safety standards are maintained
Governments/population
- Taxes owed are not collected
What happens when the government de-regulates formal entrepreneurship?
What happens when the government eradicates informal entrepreneurship?
What happens when the government formalises informal entrepreneurship?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
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