Question

Identify and explain 4 reasons why government support business start-ups?

Answer 1

Answer:

Supporting them means giving the innovation economy a better chance to find solutions. Startups disrupt, transform and better old ideas and create new ones. By doing so they create new markets and opportunities which in turn create more jobs and improve people's lives

Explanation:

please mark as brainlist and thanks

Answer 2

What is government?

Ans. the group of people who rule or control a country.

Ok , so why government support business startups ??
There is not only a one factor why government support startups , so lets talk about them all….

EMPLOYMENT
Yes, Employment is the most major factor that looks small but It affects a lot.

Most of the people don’t find the perfect job for them due to lack of skills.

Imagine you are a graduated electrical engineer , So you go to an interview where interviewer has already attended a lot of engineers . He will only select the person having some different coding skills or management skills .

Even if we talk about India , The is employment rate is too low. India needs good startups so Different people can work there as per their interests.
ECONOMY
YES, With new businesses , Government will get more taxes and the GDP of India will grow .


India ‘s GDP has been too low from last 5 years . The new startups and businesses will grow India ‘s Economy and Boost India ‘s GDP.

MANUFACTURING
With new startups and businesses , The manufacturing in India will also grow ,big companies will start manufacturing products only in India as they will get a huge market .


And India will start exporting more than Importing .


COMPETITION
India will be counted as DEVELOPED country and the tag of DEVELOPING country will be removed.