The government of Kenya has been involving herself in business. Explain five method of government involvement in business.
Answer:
-Registration-done through licensing, ensuring standard and legislation.
- Training-done through KBTI to empower business people.
- Trade promotion-done to encourage local business people to enter into business.
- Provision of public utilities-e.g. power, water, transport through central government or local government.
- Enabling environment through subsidies, in protection and loan guarantee.