The Influence of Government on Country Industries and the Commercial Sector

The government can actually influence the competitiveness of the national industry and commercial sector, such as commercial supply, production and financial resources of goods and services, through competition law policy applied to all economic entities. For example, in a case study of the Indian automotive industry, the government supports the development of the automobile industry by providing support to people who can present the best research results. The government can actually lower import barriers (import duties) and create competition between foreign companies and domestic enterprises.

The role of entrepreneurs: The government participates in companies through public ownership and business management of industries and commerce. This role of the government has led to the strong development of the public sector in developing countries such as India. This is true even in developed countries that are committed to the concept of free private companies, and defense production, utilities, multipurpose river valley projects, railways, aviation and strategic industries are often owned and managed by the government. The target is a balanced regional development of the country, promoting long-term capital-intensive industries to investigate private monopolies and to use consumers, lack of private enterprises and lack of competition in specific industries, and government entrepreneurship Promote home development.

Since small industries need government-sponsored aid, the government has other departments that can see the overall development of the country, so it left this responsibility to commercial banks. They have developed various methods of financing and have gradually developed into the development bank far behind the traditional methods. 2) Mid-term fund raising: refers to funds required by entrepreneurs, the period is 1 to 5 years. This type is required to fund the constant working capital needs, small scale expansion, updates and changes. These funds can be gathered through the following resources.