Market economy, is by and large a catalyst to sustainable economic development as it breeds and nutures competition in the markets for both goods and services. Competition in turn leads to product and systems innovations for better quality products and services in the market and also value for money, all for the benefit of consumers. Regulation and facilitation therefore, are a necessary ingredient for a vibrant, sustainable and effective market economy. The two activities are responsible for the refereeing and provision of level field in which participants in the market economy compete. In recognising this fundamental requirement, as our society gallops towards market economy, the government as part of its civil service reform has Business Registrations and Licensing Agency (BRELA). Its mission is to regulate and facilitate business operations by adopting internationally recognized best practice.
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