In A Bend in the River , Nobel Prize winner V. S. Naipaul describes a developing country in which the government’s constantly changing tax policies and vague laws regarding property ownership cause entrepreneurs to become demoralized and unresponsive to economic opportunities. Could this be a case of idle or unemployed entrepreneurs? How can tax laws and rules governing property affect entrepreneurs’ willingness to start new businesses or improve existing enterprises?
Exploring Economics
Exploring Economics
In A Bend in the River, Nobel Prize winner V. S. Naipaul describes a developing country in which the government’s constantly changing tax policies and vague laws regarding property ownership cause entrepreneurs to become demoralized and unresponsive to economic opportunities. Could this be a case of idle or unemployed entrepreneurs? How can tax laws and rules governing property affect entrepreneurs’ willingness to start new businesses or improve existing enterprises?
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