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Business Studies for Secondary Schools
Facilitating access to resources: Policies (b) Simplify and summarise each
help businesses get essential resources such policy in 2–3 sentences using
as loans, new skills, and better workplaces. clear language that the youth
Through targeted interventions, policies can understand.
support businesses in overcoming barriers (c) Creatively design a memorable
FOR ONLINE READING ONLY
to expansion, enabling them to access the visual guide like a flyer or
needed resources to innovate, invest, and poster, explaining the policy
create value. name, what it means in simple
Stimulating economic growth and terms, how it helps a new
development: Policies promote business business, and an example of
by encouraging investment, job creation, how it might be used.
and better products. This helps the economy
grow and creates more opportunities for
businesses. When small businesses grow, Laws and by-laws guiding small
they reduce poverty, thereby improving businesses
living standards. Laws are rules established by national or
regional governments to maintain order,
Activity 2.3 protect the rights of citizens, and regulate
behaviour within a society. By-laws
Your local community hosts an are more specific rules created by local
entrepreneurship awareness workshop authorities, such as city or town councils,
for youth interested in starting to address particular local or internal
small businesses. Many of them matters that fall within their jurisdiction.
are confused about the government These local matters can include parking
policies supporting small business regulations, noise levels, waste disposal,
establishments. As a Form Three and other community-specific issues.
student who has already learned about Small businesses in Tanzania operate
these policies, you are appointed to within various laws and by-laws designed
facilitate this workshop. Your job is to regulate their activities and ensure fair
to help these aspiring entrepreneurs practices. The following are some of the
understand the three government laws and by-laws that may govern your
policies that support small business business:
establishment and growth in Tanzania. National laws
(a) Brainstorm three government The Companies Act (Revised Edition
policies supporting small businesses 2002): This Act governs the establishment,
(such as tax breaks, youth start-up operation, and dissolution of companies,
grants, training, or markets). including many small businesses that choose
to incorporate. It sets out requirements
37 Student’s Book Form Three
