8 Analyse the reasons, why governments shall support business start-ups [6]

[Sir Afzal Shad]

Q8 Analyse the reasons, why governments shall support business start-ups [6]

Possible Structure:
[KN]
[AN]
[AN+]

[KN]
[AN]
[AN+]

[Kumail Alvi]

[KN] Economic Growth.
[AN] Business start-ups contribute to economic growth by creating new jobs, increasing productivity, and stimulating innovation
[AN+] This, in turn, can lead to a higher GDP and increased tax revenues for the government.

[KN] Job Creation.
[AN] Start-ups are often significant sources of job creation. When new businesses thrive, they hire employees.
[AN+] Reducing unemployment rates and alleviating the burden on social welfare programs.

[Syed Raza]

[KN] Innovation
[AN] Startups are hotbeds of innovation. They bring fresh, creative, and disruptive ideas to the market, which can lead to the development of new products, services, and technologies. This innovation is crucial for staying competitive on a global scale.
[AN+] thus leading to efficient growth.

[KN] Competitiveness
[AN] By supporting startups, governments can help their country or region stay competitive on a global scale.
[AN+] this can lead to a stronger economy and a better standard of living for citizens.

[Areena]

[Kn] large consumer choice available
[An] With more competition the variety of products available in the market will also increase because the entrepreneurs who set up new businesses bring ideas for new or improved goods and service
[An+] thus this helps to create a greater choice of products


[Kn]Increased competition.
[An] The more businesses there are on the market, the greater the competition. And more competition results in lower price and better quality
[An+] Hence, the quality of goods and services improved

[Sodais sajid]

KN: Economic Growth
AN: ups often contribute to economic growth by creating jobs, stimulating innovation, and fostering competition
AN+: They can help drive economic expansion and diversify industries within a region
KN: Tax Revenue
AN: Successful start-ups generate tax revenue for governments through income, corporate, and sales taxes
AN+: This additional income can be used to fund public services, infrastructure, and social programs

[Ibrahim Aamir]

[KN] Tax revenue
[AN] With an increase in the number of firms in an economy means that more the tax received to the government
[AN+] so the government may support the firms to start production to fix budget deficit

[KN] to encourage the production of merit goods
[AN] government supports business to encourage the production of merit goods
[AN+] so they would support farms producing vegetables etc

[Salman Khalid]

[KN]Diversification of the Economy
[AN]Supporting a diverse range of start-ups can reduce dependence on a few key industries. This can make the economy more resilient to economic shocks.
[AN+] This also gives consumers more choices and wont have to pay large prices

[KN]Economic Growth and Job Creation
[AN] This is a result of more investment being put in the business
[AN+] Which ends up requiring more workers this increases employment in the economy

[Syed Mustafa Ali]

[KN] Economic Growth
[AN] Startups can stimulate economic growth by creating jobs, driving innovation, and contributing to overall economic development.
[AN+] This ultimately leading to higher GDP and improved living standards.

[KN] Innovation
[AN] Startups are often at the forefront of technological and business model innovation, which can lead to new products, services, and industries.
[AN+] This benefits society by offering innovative products, services, and solutions to various challenges.

[khuram khan]

[KN] Diversification of the Economy
[AN] Supporting a diverse range of start-ups can reduce dependence on a few key industries. This can make the economy more resilient to economic shocks.
[AN+] This also gives consumers more choices and wont have to pay large prices

[KN] Economic Growth and Job Creation
[AN] This is a result of more investment being put in the business
[AN+] Which ends up requiring more workers this increases employment in the economy

[Talha Asim]

[KN] economic growthAN] if a new business starts up they will produce more goods in the economy increasing the gdp of the economy [AN+] this will give consumers a larger variety
[KN] employment opportunities AN]the more the firms the more the job opportunities the unemployed get[AN+] this will reduce unemployment as labour will be able to get jobs more easily

[Shaliza khawaja]

(kn) lower unemployment
(an) as start up business need janitorial staff, uneducated people will also be employed
(an+) lower unemployment rate would lead to economic growth
(kn) tax revenue
(an) as their are more firms to collect tax revenue govt can rely on them to recover from a budget deficit
(an+) improving their foreign exchange rate status

[Hadia Zia]

[KN] To create employment opportunities.
[AN] When more people will be employed this will reduce poverty and crime rate in the country.
[AN+] Hence leading to better SOL for poor.

[KN] In order to increase tax revenue.
[AN] When more businesses will be setting the revenue from corporate tax will increase which may help govt increase its spending on healthcare education etc.
[AN+] Thus, this will lead to an increase in the quality of such facilities with quantity.

[Sarah Shahzad]

(Kn) To decrease unemployment (an) when the government helps businesses start up, businesses are likely to be successful hence it creates a lot of jobs for the unemployed (an+) Hence this allows people to get jobs easily.

(Kn) For economic growth (an) when businesses produce more increasing GDP for the economy and tax revenue for the government. (An+) this also helps the government to redistribute income.

[Maham fatima]

[KN]To discourage monopolies
[an] By supporting start ups it can become easier for small businesses to enter the market hence this can increase competition and it may be difficult for large businesses to become monopolies therefore competitive prices will be charged
[an] hence reducing customer exploitation

[KN] To increase employment
[an] govt may support a businesses on the condition of setting up in areas of high unemployment hence this can create jobs and increase incomes
[an] leading to high SOLS

[Humzah Zafar]

[KN]Employment opportunities
[AN]If startups are supported and production increases they may hire workers which reduces unemployment
[AN+]This will fulfil the government aim of low unemployment

[KN]Economic growth
[AN]A new business(If supported) may produce more and this increased production leads to economic growth
[AN+]This will benefit the economy and another government aim may be achieved(economic growth)