Some argue that government needs to increase its regulation of business for the good of society as a whole. Others believe that the marketplace is self-regulating and that government intervention...

1 answer below »
Some argue that government needs to increase its regulation of business for the good of society as a whole. Others believe that the marketplace is self-regulating and that government intervention through needless regulation places an unfair, costly burden on businesses in general and on small businesses in par­ticular. What role do you believe government regulation should play to ensure ethical conduct by businesses? How do different political viewpoints potentially shape the answer to this question?
Answered Same DayFeb 11, 2021

Answer To: Some argue that government needs to increase its regulation of business for the good of society as a...

Azra S answered on Feb 11 2021
144 Votes
Government regulations and businesses
It is usually believed that the free market is a self-regulating entity that doesn’t require intervention and that government regulations are needless and unfair. I believe that the government plays an important role in regulating the free market without which, the free market would be rampant with bigoted behaviour and exploitation of both consumers and weaker businesses.
The government has essentially held back regulations in many areas and the ill-effects of this has clearly shown itself in the 2007-2011 global financial crisis....
SOLUTION.PDF
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?