Abstract:
Government policy is essential in promoting successful corporate ventures. This research examines the influence of government policy in fostering entrepreneurship development and its economic impact. The study expands on previous work on government policy, entrepreneurship, and economic development. Despite recognising its crucial role, entrepreneurship growth worldwide is constrained by several factors, such as laws, regulations, and rules that impede development. The literature review findings revealed a positive relationship between entrepreneurship and economic growth. Subsequently, a favourable Government policy is essential and serves as a catalyst or bedrock to entrepreneurship development that promotes the economic growth of any nation. Based on these findings, the study recommends that, for any national economy to thrive, such a government must prioritise entrepreneurship. The study offers a base for scholars to further investigate entrepreneurial practices and policies. For academics, it depicts the characteristics of entrepreneurship, government policy, and economic growth factors and their potential links. And for the entrepreneurs and owner-managers to appreciate the weight of government policy in assessing funds and determining business continuity. And to help practitioners understand how government policy influences entrepreneurship and economic growth. Data for this paper is obtained by digging up issues around the opinions of scholars from empirical studies carried out through conceptual clarifications and content analysis of the secondary data.
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