Very often small firms are much concerned about the reduction of control. In case there is an option to decrease the levels of regulation, it is possible for the small businesses to correct their activities, which are beyond the government control. Objectively, it is relevant if the government underlines the important role of small business firms. Government regulations are represented from the wider perspective. Therefore, all markets represent different regulations and avoid being restricted by “right or wrong actions”. Regulation is an integrative part of the government environment of the country we are living in. It requires high costs to develop a new business and in case a new reform of taxation is imposed on the small firms, it does not mean at all that the economy of that country is constrained. There are many challenges for the UK firms and it is clear that regulation should be directed not on the restriction of the small firms’ operation, but on the advancement of operation of the small firms. Therefore, there is no need to consider government regulations in black or white color. It is much better to focus on the integrative and a constant nature of government regulations. There is no doubt that the government exerts disproportional influence on small businesses. How Government Regulation Can Be a Good Thing for Small Firms.
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