Samuel is struggling to run his start-up in his locality because local trade associations have established strict codes of conduct regarding certification, accreditation, and insurance obligation for businesses. In the context of economic freedom in a business environment, which of the following is adversely affecting Samuel's start-up?

A. A lack of freedom of production
B. A lack of freedom of staffing
C. Excessive regulation
D. Excessive taxation


Answer: C

Business

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