Samuel is struggling to run his start-up in his locality because local trade associations have established strict codes of conduct regarding certification, accreditation, and insurance obligation for businesses. In the context of economic freedom in a business environment, which of the following is adversely affecting Samuel's start-up?
A) A lack of freedom of production
B) A lack of freedom of staffing
C) Excessive regulation
D) Excessive taxation

Question

Quizplus · Accepted Answer

Excessive regulation is adversely affecting Samuel's start-up as the strict codes of conduct imposed by local trade associations create barriers to entry and operation, limiting his economic freedom.

Samuel Is Struggling to Run His Start-Up in His Locality