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But a thicket of regulation and a legacy of bad debt are deterrents.
A thicket of regulation must be cleared, he said, so that more small and midsize firms can grow and create jobs.
This special class of lawyers, who oversee most commercial transactions and maintain official registers of property, were objecting to some modest pruning of the thicket of regulation surrounding their job.
Two big reasons: little pricing power Medicare picks up most of the tab for the pills, meaning that the federal government essentially sets prices and a thicket of regulation.
Similar(55)
Another obstacle to investment is a thicket of regulations.
Today, government is large, and there is a thicket of regulations, torts and legal encumbrances.
High-tech startups and small firms will find it especially hard to cut through the new thicket of regulations.
In 1990, McKinsey found, they were 5% less productive than America's, mainly because a thicket of regulations ensured that stores were much smaller and competition less intense.
Sectors such as telecoms, financial services, health care and airlines are protected by a thicket of regulations whose costs cannot easily be estimated.
Conservatives took a nearly opposite view, arguing that the state's latest tax increases and its thicket of regulations would drive out businesses and people.
In a country with such a dense thicket of regulations and protected special interests, the potential for greater gains is huge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com