Impact of Government policy on business

[GIFTMICHAEL]

Government policy can be favourable and unfavourable. The action or uncalculated action and decision of government can affect businesses negatively. For instance the government has banned every cryptocurrency account in the bank. This has affected online businesses negatively.

 

[Heatman]

We all know that business can be affected in so many ways and directions. One of the major things that always change the trend of business is Government policy. Most of the time Government policy don't usually favour business owner but few might be lucky to change the fortune of their life.

What is your experience about the policy set up by Government?

I'm of the opinion that the government is very wicked and selfish generally because they find it very difficult to care about the situation and sufferings of the poor people and the small scale business owners. They make policy that drags their business down and make it hard for them to survive.

 

[Ezzyoj]

Most of the government policies never favor business owners. Most government leaders or agencies are so selfish, thinking about what they will be getting from business owners instead of looking for a way to support them to successful. So many people have lost their business because of government policies majorly tax.
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Most of the government policies never favor business owners. Most government leaders or agencies are so selfish, thinking about what they will be getting from business owners instead of looking for a way to support them to successful. So many people have lost their business because of government policies majorly tax.

 

[Emirons]

Governmental policies has a lot of impacts on business either positively or negatively. For example when a country’s devalue its currency it affects importers in a very bad way cause it minimizes their profit while exporters gains. Government policy also affects small and medium scale enterprise.. Large business owners take advantage of government policies

 

[Cissé]

Government policy affect business either in a negative way or positive way when the currency of your country is not in a good state does that import goods won't be able to make a good profit also when government ordered for border closure those that have goods outside the country find i tdifficult to bring it in and does good get expired and it a loss fir business owner.

 

[BuchiBankz]

Product liability concerns, for example, are often cited as a legal constraint that can indefinitely lengthen the payback time for new product development projects by creating significant uncertainty about a company's ability to recover investments. When this happens the increased risk to an investment increases a company's cost of capital. A legal system that inhibits longer-term investments because of its unpredictability, delays, and punitive treatment of product liability issues will hamper economic growth. It is impossible to foresee all circumstances in which a new product will be used; technological and economic advances must depend to some degree on "caveat emptor." On the other hand, an effective product-liability system can offer customers redress against genuinely fraudulent or unsafe products that make it to the marketplace—a safety net that will make customers more likely to trust producers' explicit or implicit claims and therefore more quickly create a predictable market for a product. In short, effective tort law is a balancing act, which, depending on its implementation, can lengthen or shorten corporate time horizons.

 

[eenya001]

In our today's world, government policy can make or break a business, one wrong government policy can cripple an entire business, take for instance people that are into buying and selling of cryptocurrency in Nigeria, when the federal government placed a banned on cryptocurrencies, it had negative impact on their legitimate business.

 

[Eyiteepraise]

Government policies are policies guiding the arrangement and the mode of distributing goods and services in the society and how it is shared among the citizens.
Government policy plays a positive and crucial role in the society.

 

[Oliver 20]

government policies straightforwardly affect business. if government force more assessments and obligations on a specific area than overall revenue of this area will go down even financial specialists can lose their advantage to this area and they can surrender this business.

 

[tyrim88]

Government policies adversly affect the way a business is been run in a country,because if a policy say an increase taxation on business without a reasonable paliative by the government to ease how business is been run,it will affect the business climate.

 

[Folaham]

In some countries government policies on business plays a positive role in the growth of those businesses while some has really taken a negative toe on bysiness. I urge government from sectors to looking into this policies.
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In some countries government policies on business plays a positive role in the growth of those businesses while some has really taken a negative toe on bysiness. I urge government from sectors to looking into this policies.

Most policies are with good intentions but definitely some business will be affected in the process. All that is required is adjustment and in some cases a change of plan where existing business structure needs to change to accommodate the new formulated policy

 

[Planet408]

Yes. Government policies can affect a business either negatively or positively. When certain policies is changed by the government, some business will be affected negatively and will likely crumble due to this. Some businesses can at the same time experience a speedy growth in such times.
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Yes. Government policies can affect a business either negatively or positively. When certain policies is changed by the government, some business will be affected negatively and will likely crumble due to this. Some businesses can at the same time experience a speedy growth in such times.

 

[Abezol21]

We all know that business can be affected in so many ways and directions. One of the major things that always change the trend of business is Government policy. Most of the time Government policy don't usually favour business owner but few might be lucky to change the fortune of their life.

What is your experience about the policy set up by Government?

Government policy creates unfriendly environment for business to thrive at times but genuine business owner can find a way around it.

 

[tuna89]

The Government policies can either benefit/favour entrepreneurs and at same time may not, it sometimes destroys businesses, the Government in some cases encourage monopoly thereby running other competitors into loss, this is why a business man must always have a plan B to always fall back on in case of scenarios like this.

 

[Oladeji]

We all know that business can be affected in so many ways and directions. One of the major things that always change the trend of business is Government policy. Most of the time Government policy don't usually favour business owner but few might be lucky to change the fortune of their life.

What is your experience about the policy set up by Government?

My experience has been good even there are lot of hiccups here and there. Nigeria for example use to be over dependent on import goods but a new government with new policies came in and encouraged exports. If you’re supply chain personal and you majorly deal with import, you will be affected by government policies that discourage import.

 

[Jomarie05]

Mr. Keynes has proved that government policies have a direct impact on business. For example if government impose more taxes & duties on a particular sector than profit margin of this sector will go down even businessmen can lose their interest to this sector and they can give up this business.

 

[Rameez0007]

Government strategy can impact loan fees, an ascent wherein builds the expense of acquiring in the business local area. Higher rates additionally lead to diminished purchaser spending. Lower loan fees pull in speculation as organizations increment creation.

The public authority can impact loan fees in the short run by printing more cash, which may ultimately prompt swelling. Organizations don't flourish when there is a significant degree of swelling.

 

[Royalty]

Government policy can influence interest rates, a rise in which increases the cost of borrowing in the business community. Higher rates also lead to decreased consumer spending. Lower interest rates attract investment as businesses increase production. ... Businesses do not thrive when there is a high level of inflation.

 

[Sunnytee]

There is no impact of government in business policy presently

Because government has jeopardize the interest of the citizens in some area

But if only they can still restrategies there ways

 

[Princeeffiong]

When we talk about the impacts of government on businesses we should be able to differentiate the type of impact they have on their citizens business. Using Nigeria as a case study, Nigerian leaders are selfish and senseless leaders i have ever seen in my life. The government locked the country up without giving palliative to its citizens, many could not continue their business as there was no support from the government. United states of America, gave all its support to its citizens and business owners by releasing emergency fund.