After examining the role played by entrepreneurs in improving the economic and social status of entrepreneurs and their society as a whole, it is the duty of the government to propose friendly and favorable business conditions for entrepreneurs to prosper. Therefore, many capitalist economies encourage entrepreneurs by instituting laws that favor their businesses. An example is countries that allow companies to register for business in one day without the need for renewal. This is done by establishing efficient and effective online electronic administration for all standard types of businesses (Alexander, 2014). Furthermore, countries like the United States give entrepreneurs a second chance even after initial failure. This helps reduce the fear of failure and allows more entrepreneurs to venture into the market. Entrepreneurs thrive in economies with low regulatory burdens and low levels of