The truth is that government regulations are EXPENSIVE to businesses and the outcomes of this can be catastrophic. First is public safety and welfare. There are several reasons why the State might intervene in business affairs and regulate businesses. For the most part it will prevent the business owners from cheating their customers or finding a way to self benefit from a situation. Capitalism needs to be let loose and not restricted by government.

If the government gets involved then they charge higher taxes and impose work regulations causing spending cuts and Job cuts. This is why the government should stop being so envious of entrepreneurs’ many successes. Many industries are regularly reviewed and overseen because their activities, if they go awry, can have significantly harmful effects to human health, financial well-being, or community structure.

I understand laws preventing companies from doing harm to employees, but people are not forced to stay at that job.

To internalize the social costs of businesses. The study therefore employs the use of stakeholder theory to adumbrate the reasons for government regulation of business enterprises. For example, A regulation that has been enacted since the late 1930s regards child labor.

According to critics, government regulations slow disruptive innovations and fail to adapt to changes in society.

I feel that the Government is basically everybody' s parents telling them what to do and how to do it. B) maintain competitive markets. However, for the greater good of the country, regulation should be praised; it leads to safer, more ethical, and more equal-opportunity business.

If you are poor, Get yourself out of poverty through hard work, Not sit around waiting for damn liberals. They should be monitored for certain reasons like racism, Sexism, And an unfair or unsafe work environment. To raise taxes to fund its public spending as well as other government operations. Sciences, Culinary Arts and Personal What I have learned from economics is, the economy functions at its best when it works on its own. This is a regulation helps companies by being able to employ more educated workers, And helps other companies that rely on educated workers. Government regulations in a free economy do not work unless there are extreme circumstances and I believe that businesses should have the ability to function on their own.


By using this site, you agree to our Privacy Policy and our Terms of Use. To ensure that wealth is equitably distributed. Sometimes, Businesses have to be regulated to insure that there aren’t any laws being broken and that every one “plays fair”. Capitalism is different from feudalism because you don’t just inherit your wealth - you earn it. This is based on a Tweet by Goverment spokesperson Mangwana, Reasons why the government regulates Business activity, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Quick NetOne, Telecel, Africom, And Econet Airtime Recharge, on Reasons why the government regulates Business activity, O Level Computer Science: Software: Operating Systems: Personal Computers, O Level Computer Science: Software: Operating System, O Level Computer Science: Hardware: Point Of Sale Terminal, O Level Computer Science: Hardware: Automated Teller Machine, O Level Computer Science: Hardware and Software: Introduction. Corporations are not entitled to be governmental puppets, They can make their own decisions and control their own affairs. Regulations should be cut because if a business is regulated, it would need to pay for the regulations, which in turn increases the price consumers have to pay.

If they abuse workers, No one will work there. Large corporations can be expected to argue in favor of deregulation. The three main reasons for government regulation of businesses include: The government is charged with the duty of... Our experts can answer your tough homework and study questions. "Free" does not imply free to do anything you want, "free" implies that you as a person have more liberties and personal freedom than that of what other countries may not have setup. Another thing they say is that it causes wealth inequality but America is a diverse country, Meaning not everyone have equal abilities and not everyone can succeed. The IRS requires businesses to pay an assortment of taxes. Yes the government would get more power, but without it the economy would be a mess right now. This argument is simply prodding at whether or not the government should regulate business whatsoever, Not whether or not it should be reduced in its control. People have the right to make their own choices and do not need government making these choices for them. This makes people not want to participate in the United States of America's market. To protect local industries from foreign competition.

All of the following are reasons that government regulation of business is needed except A) to ensure that customers and employees are treated fairly.

As someone who has studied economics, I realize the consequences of government regulations on businesses and possible employees. The government was made to regulate politics.

Without regulation, there is n reason the companies have to tell the truth or use ethical practices when making their products. Reduced sales, Combined with additional outsourcing by other companies for their material inputs, Can lead to job losses. They need to figure out what works for them, And what doesnt work for them. So, people start to lose their jobs because of these regulations. Business should be supported by themselves, The workers and the buyers, The economy will have their interest on the business but what about the other people, The workers have opinions and interests, As well as others. They should not regulate business practices because businesses need to make it on their own. One thing people might say is that companies exploit workers, But that is the workers’ own fault for not being aware enough to find another job. Many regulations are in place to protect those who have developed their business correctly; licensing, permits, and inspections by the government weed out undesirables or criminal activi… Now it ranks second to the cost of health insurance which itself is a result of significant government regulation (ACA). To achieve a favorable balance of payments. Over Regulation Costs American Businesses $1. That is only soem of the reason why i believe that the government should not regulate business practices.

Consumers, In turn, Respond by purchasing less and/or searching for alternative suppliers. If a company has horrible employee policies than people will work somewhere else, meaning that company won't have any employees to run the business, meaning it will fail.

They need to back off some more and maybe everyone wouldn't be mad that they are taking money and trying to make us pay for things we don't need.

And no one but the business owner would know whats best for the business other than them. Because of this, Corporations have been shaped into what the people want.

Without regulation, We wouldn't have building codes to help ensure our homes and schools are built structurally safe and secure. Regulation imposes costs on companies and these costs typically get passed along in the form of ​​higher product prices.
Regulations may not help companies in the short run, But in the long run, Companies are better off having the regulation than they were with out it. Less regulation leads to a more open flexible economy. More regulations means more harm for companies and it’s unhealthy for international competition, Especially with China. Don't we have a right as consumers to know what's in our Twinkies?Regulation isn't just taxing. Question: List and briefly describe the three main reasons for government regulation of businesses.


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