ASSIGNMENT NO.

1. Identify the role and support government institutions to entrepreneurs.

In establishing a business, entrepreneurs’ one of the priorities is

legalizing their business through applying several permits and complying
with their requirements thus their business can operate well. In this
manner, entrepreneurs can assure that their business is secured and legit,
also, government can easily attend their needs once their business failed
or went bankrupt. Government is ready to give them a fund to operate
again as long as they followed the requirements of the government.
Moreover, their business can be easily monitored whether they are
following the suggested retailed price that is being implemented by the
government.
Goverment needs to support the entrepreneurs whether they are
big or small due to their great contribution in boosting the country’s
economic growth & development. We all know that entrepreneurs are one
of the reason why our economy is prospering, thus government should
protect also the rights of the small business enterprisers.