What do you think providing a correct business climate should entail?
A correct / promoting business climate is one which has competitive taxes when comparing it to the countries that are near them -- which would be mean at least matching the corporate tax rate of other similar countries to yours in the world. This is being achieved through President Trumps TCJA which slashed the Corporate tax rate to 21 percent for all businesses.
Then you should attempt to remove regulations which are hurting business, this is a tough one -- don't get me wrong, as some regulations are necessary to ensure the safety of people. This is something where you institute a bipartisan committee who weigh the economic cost of certain regulations and see if they're really needed -- this is a tough one, but is very necessary as businesses spend a boatload of money in regulatory compliance cost yearly.
That's all I can think of off the top of my head for now, but there are multiple other things which could be delved into -- such as easy access to capital, and so on and so forth.
Hope I answered your question.
Yeah, you answered it. Thanks. I guess it just comes down to cutting taxes for businesses and simplifying regulations. I think they could also simplify the business registration process, so it's a very easy thing to do. I also think that business failure should be destigmatized. It's very common for entrepreneurs to fail. People should understand that that's normal and it's okay. When entrepreneurs fail, they receive invaluable experience that can help them do better next time.