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Question
What does government offer to encourage local industries and services?
What does government offer to encourage local industries and services?
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Solution
The correct option is A Stimulus loans
The government encourages local industries and services by offering them stimulus loans. This is done to encourage innovation and entrepreneurship. The government does not always lend money directly. In some cases, it guarantees loans made by banks and finance companies. Given that government loans often have more attractive terms than private loans, the demand for the same can be high and the selection criteria can be tough. The application process can also be time-consuming.
The government encourages local industries and services by offering them stimulus loans. This is done to encourage innovation and entrepreneurship. The government does not always lend money directly. In some cases, it guarantees loans made by banks and finance companies. Given that government loans often have more attractive terms than private loans, the demand for the same can be high and the selection criteria can be tough. The application process can also be time-consuming.
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