Answer:
Government hold the power to:
Grant permission for only specific business activity.
Grant or refuse permission for many types of business activity
Step-by-step explanation:
A government formulates many rules and regulations that guide businesses. Businesses will normally change the way they operate according to the influence these rules and regulations have on the competitiveness and profitability of businesses.
Government hold the power to grant permission for only specific business activity, which is just in line with government policies for economic growth. Otherwise, the government has the power not to grant permission to such business.
Also, the government hold the power to either grant or rufuse permission to many types of business activities, after reviewing the impacts of such businesses on culture, economy and ethic of the residents.
