Government supervision stifles business growth, hindering entrepreneurship and innovation.
Government supervision affects businesses by overseeing their activities and management. A study in Bulgaria looked at how government supervision impacts 28 food industry enterprises. The goal was to understand the strengths and weaknesses of government regulatory supervision. The study found that government supervision aims to protect state property, sovereignty, and civil rights. It also plays a role in ensuring proper state organization and regulation. The researchers examined how government supervision influences the state mechanism and state authority. The findings suggest that government supervision can have both positive and negative effects on business development.