GOVERNMENT REGULATION AND CONTROL OF BUSINESS IN A DEVELOPING ECONOMY

GOVERNMENT REGULATION AND CONTROL OF BUSINESS IN A DEVELOPING ECONOMY (A CASE STUDY OF SUNRISE FLOUR MILLS NIG LTD)
 
ABSTRACT
The significance of government regulation and control of business in a developing economy lies in the fact that with laid down rules (laws) guiding the operation of business organization particularly in developing economy, their would be all sorts of business malpractices that will not hinder the growth and development but also drawn the economy. The task of the research work is to investigate and examine government regulation and control of business in developing economy using Sunrise Flour Mills Nigeria Plc as a case study with the view to establish why government regulates and control business is to identify general acceptable solution to their problems. In this course of research, primary and secondary sources were used to obtain information. Having analysed the data tested, the researcher discovered the following: That government regulation and control of business in developing economy has not really done much in the area of sound development. That there is instability in government policy which leads to the various abandonment of many plans and programmes scheduled to regulate and control the business organization. That government is liable to meeting up with the demand of regulating business organization developing economy. That over-regulation of business activities is mostly responsible for the year performance of business organization. That all system of regulation and control of business in developing economy is uncoordinated etc. The researcher recommended the following: That government regulation and control of business should conform with system developing economy. That they should deregulate some of the information. That relevant information should be disseminated to business organization.