Regulation and innovation are two forces that are constantly at play in the world of business. Regulation is the set of rules and laws that govern how businesses operate. Innovation is the process of creating new products, services, or processes. In other words, regulation and innovation are two interconnected and essential elements in driving societal progress and economic growth. While they may seem contradictory at first glance, finding the right balance between regulation and innovation is crucial for fostering a dynamic and sustainable environment.
In some cases, regulation can stifle innovation. For example, if regulations are too strict, they can make it difficult for businesses to experiment with new ideas. This can lead to a situation where businesses are more likely to focus on incremental improvements to existing products and services, rather than developing truly new and innovative products.
I love the fact that you pointed rules have a way of stiffening innovations because in Nigeria we are experiencing such stiffening regulations in terms of clamping down on the Forex trading 3rd party and importation of some goods..
As much as the government is trying to help local marketers to sell there products and encourage exportation, this local marketers are finding hard to meet demands of people thereby crippling our economy and increasing the price of the scarce commodity
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It's a very tough situation to tackle there, Hope you"ll be able to set new rules and regulations
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The text used in your post have been taken from an external source, unless you check it.
Visit the following publication if you want to know what Plagiarism of information is considered. Abuse Watcher
@crypto.piotr, @josevas217
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Thank you @scrutinize for the work you do in the community.
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Hi @gayatridaga
This post will be silenced as it is plagiarism. Avoid continuing to commit this violation
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Hello he Is my brother so I thought I can publish my brother content
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No, that is not allowed. The idea of posting on Steemit is that you share original content, preferably exclusive to the platform. If it's not your content, simply refrain from posting it, and I recommend that you create your own content.
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ok my back but can you help me in getting acheivement1 @josevas217
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