Helping Small Businesses Grow Flashcards
1
Q
What are the ways the government help small businesses grow?
A
access to loans
RnD tax breaks
subsidies
2
Q
access to loans
A
enterprise capital funds - lent out at very low interest rates - increase EOS e.t.c
3
Q
RnD tax breaks
A
some firms receive reduced corporation tax rates if they use their profits to invest into R+D
4
Q
Subsidies
A
reduce firms costs (ac and mc)
more profit and decrease price
