Maybe the location, jurisdiction of that place, not to forget to mention, the environment of that particular country. As a matter of the fact that regulations come in many forms in a specific place.
For some entrepreneurs, it is just like preventing the mistreatment of the workers, holding corporations that are accountable for their actions. While for others, it may be for keeping the infrastructure efficient and thriving in the competitive business world.
However, the ultimate aim of regulations is the freedom of doing business. For this aim, you must be looking for the best place so that you can operate the business properly. In many cases, it can prove the process inefficient with the significant levels of government overreach.
To solve this situation, the World Bank has analyzed the extent to which the activities of the business are constrained or enhanced in various countries. Thus, Doing Business 2020 has examined the transformation in the regulations of the business activities in 190 economies. The aim of this analysis is quite simple- to see where the regulation levels best encourage business owners to operate their business effectively and support the freedom to do the business. Therefore, the analysis paid more attention to the following factors
• How easy is it to start a business?
• How easy is it to hire workers?
• What about dealing with construction permits and obtaining credit, among others?
• How is the business environment and regulations of the place? And the countries which are selected on the top 10 list of World Bank’s Ease Of Doing Business Ranking 2020 are
New Zealand
This story is from the January - February 2021 edition of Business Sphere.
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This story is from the January - February 2021 edition of Business Sphere.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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