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 Form 3 business studies revision questions and answers set 4

The government of Kenya has been involving herself in business. Explain five method of government involvement in business.

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Answer Text:
- Registration-done through licensing, ensuring standard and legislation.
- Training-done through KBTI to empower business people.
- Trade promotion-done to encourage local business people to enter into business.
- Provision of public utilities-e.g. power, water, transport
through central government or local government.
- Enabling environment through subsidies, in protection and loan guarantee