If legally owning a business can spur growth, why don't all business owners legalize their businesses?
A)Excessive regulations often make running a legalized business more cumbersome.
B)Legally owning a business opens new avenues for obtaining loans.
C)Legalizing a business has no impact on business practices, so why do it?
D)Business owners don't care about economic growth.

Question

Quizplus · Accepted Answer

Excessive regulations can indeed make the process of running a legalized business more cumbersome, involving more paperwork, adherence to more rules, and potentially higher costs, which can deter some business owners from legalizing their businesses.

If Legally Owning a Business Can Spur Growth, Why Don't