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Given what you have learned in this class, what do you think the PEI government should...

Given what you have learned in this class, what do you think the PEI government should do to promote entrepreneurship? Or if you think the government shouldn't do anything, please explain why.

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Answer #1

The government can definitely do the following things to promote entrepreneurship:

  • It can reduce all administrative, regulatory and legal hassles to start a business.
  • It can make easy credit available to new entrepreneurs to meet the expenses of starting a business
  • It can provide financial incentives like tax rebates and tax holidays.
  • It can make it issues to get various permissions to start a business
  • There should a mechanism for training and support of new entrepreneurs
  • The government should build a supportive physical and technological infrastructure
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