IntroductionGovernment plays an important role in creating an enabling environment in which businessmen can start and sustain their businesses. Creating an enabling environment encourages people to invest in the economy, a situation which creates employment opportunities for young people. In this essay, I provide an in-depth discussion of the role of government in creating a business-friendly environment. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayThe government provides financial assistance to businesses in the form of grants. This allows companies to sell their products at lower prices. The government can subsidize a company's operations to reduce its operating costs. This can be done through the provision of cheap finance, technical assistance and manpower, especially among senior management (Minniti, 2008). Additionally, the government can offer incentives to encourage business activities in a particular region. In order to encourage businessmen to invest, the government can offer various incentives. These incentives include tax exemptions, duty-free privileges and favorable expatriate protection that protect the interests of foreigners investing in the country (Minniti, 2008). Furthermore, the government plays an important role in creating a favorable environment by protecting local industries from foreign competition. When left to their own devices, businessmen may not be able to compete favorably with foreign products. Indeed, newly created local companies may have higher production costs than imported products. To help these businesses survive, the government can introduce import duties and quotas. Import duties have the effect of making imported products more expensive than locally produced products. In this sense, the local population cannot afford to buy imported products and therefore opts for affordable local products. On the other hand, quotas have the effect of reducing the quantity that can be imported (Minniti, 2008). Additionally, the government can act as a guarantor of the loan to try to create a favorable environment. In some cases, international lending agencies may insist that in order to lend money to local businessmen, the host government must act as a guarantor to help the local business benefit from the funds in offering the required guarantee. Keep in mind: This is just a sample.Get a custom paper from our expert writers now.Get a custom essayConclusionIn conclusion, the role of government in creating an enabling environment is of great importance in improving the local commercial sector. It ensures that local industries are well protected from external competition and can also, in some cases, serve as a loan guarantor..