Encouraging private enterprise

Description

Encouraging private enterprise involves implementing policies and support mechanisms that stimulate the creation, growth, and sustainability of privately owned businesses. This strategy aims to remedy economic stagnation, unemployment, and inefficiency by fostering competition, innovation, and investment. Practical actions include reducing regulatory barriers, improving access to finance, offering tax incentives, and providing entrepreneurial training, thereby enabling private sector development as a driver of job creation, productivity, and overall economic resilience.