ROLE OF GOVERNMENT POLICIES IN SUPPORTING ENTREPRENEURSHIP IN GERMANY
Abstract
Purpose of the study: The study aimed to examine the role of government policies in supporting entrepreneurship in Germany. Government policies can have a significant impact on the success of entrepreneurship, and it is crucial for policymakers to work closely with the business community to create policies that support innovation and growth.
Findings: findings discovered that government policies have played a significant role in supporting entrepreneurship in Germany. By providing access to funding, creating a favorable regulatory environment, promoting education and training, fostering a supportive ecosystem, and encouraging international trade, the Germany government has helped entrepreneurs turn their ideas into successful ventures, contributing to economic growth and job creation. Entrepreneurship is thriving in Germany, driven by a supportive ecosystem, government policies, a highly educated workforce, a focus on innovation, and a strong market presence.
Conclusion: The study concluded that entrepreneurship is a key driver of economic growth, and governments can play a critical role in supporting it through policies that promote innovation, investment, and growth. Through funding and financial support, a supportive regulatory environment, education and training programs, infrastructure and support services, and promoting international trade, governments can help entrepreneurs overcome barriers to entry and achieve success in the global market.
Recommendations: The study recommended that governments should take an integrated approach to support entrepreneurship that focuses on creating a favorable environment for startups to grow and succeed. By fostering collaboration, providing access to funding, streamlining regulations, promoting education and training, and encouraging international trade, governments can create a supportive ecosystem for entrepreneurs to thrive.
Keywords: Government Policies, Entrepreneurship, Germany
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