Question

Think like an economist. Let’s explore what happens when things change. If you were Ratna, what would you do in the following situations? Discuss with your classmates.

What government laws or rules should be changed to improve the ease of doing business?

Answer 1

To make doing business easier, the government should reduce unnecessary paperwork, simplify tax regulations, and make business registration faster. The process of obtaining licences and paying taxes should be simple, quick, and convenient. The government can also introduce a user-friendly website or app where people can apply for licences and pay taxes online. This would reduce delays and corruption, save time, and make it easier for people to start and expand their businesses.