The impact of UK governmet policy related to enterprise

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Enterise refers to the process by which new businesses are formed and new goods and services created and brought to the market. Enterprise is an important concept that is being actively promoted by the government through, for example, its support for start up businesses and its promotion of enterprise in the school curriculum. The government believes that an enviroment that encourages enterprise and supports people who take opportunities and risks is curcial for improving productivity. A strong entrepreneurial base is essential for encouraging growth and prosperity in a modern economy. New and more dynamic businesses increase competitve pressures in markets, and facilitate the introduction of new ideas and technologies and more efficient working practices. 

A sucessful enterprise culture boosts an economy's productivity by increasing competitve pressure. This forces existing businesses to increase their efficiency in order to stay in the market. If existing businesses are unable to match the productivity of new growing SME, either they…

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