Samuel is struggling to run his start-up company in his locality. He is struggli

Question

Samuel is struggling to run his start-up company in his locality. He is struggling because the local trade associations have established strict codes of conduct regarding certification, accreditation, and insurance obligation for businesses. In the context of economic freedom of a business environment, which of the following is adversely affecting Samuel's start-up? Lack of freedom of production OLack of freedom of staffing Excessive regulation ° Excessive taxation D Question 8 2 pts Which of the following dimensions of a business environment is specifically highlighted when stock markets lose a major portion of their value and when huge, venerable institutions collapse financially? O Social Technological Cultural Economic

Explanation / Answer

The correct answer is "excessive regulation".

Economic freedom refers to the freedom that businesses have to operate and function within the country without government intervention or authority intervention. Excessive regulation can impact the economy in a negative way by hindering business to operate freely. Rigid rules and bureaucratic system prevents business to take appropriate decisions that is beneficial for business.

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