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Regulation in the United States - Essay Example

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People cannot operate safely without certain regulations since there will be no order. Regulations are tailored to fulfill varied objectives, for instance,…
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Regulation in the United States
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Regulation in the United States

Download file to see previous pages... With regulations, business people can conduct transactions without damaging the environment and people’s health. Regulations ensure that the products produced are of top quality and user-friendly (Vogel and David 146). In essence, were it not for regulations, control of some disease and illicit business behaviors would have been very challenging.
Government regulations have enhanced steady growth of infant industries and business enterprises in the United States. For instance, government control on foreign trade aid in preventing excessive importation of products from other countries in order to secure local market for the infant industries. In addition, regulations assist in shielding small business from unhealthy competition and misuse by already established enterprises. For instance, the United States patents and trademarks office shields business innovations and particular products from infringement by opponents. Essentially, regulations form a reliable benchmark for smaller business to expand without unhealthy interruptions.
Government regulations are sometimes tailored to raise revenue required to run government programs and projects. For instance, revenue raised through taxation and fines paid by people and businesses that fail to comply with the established regulations, is used for development programs. Generally, regulations play a key role in bringing developments close to the poor citizens.
Business enterprises incur huge expenses to remain in compliance with the government regulations (Vogel and David 265). In addition, companies are forced to change methods of operation in order to comply with new and the existing regulations. The additional expenses that companies incur in fulfilling the requirements outlined in government regulations is passed to the consumer through increased prices. Consequently, the cost of living rises, making it difficult for poor people to survive.
Some regulations such as tariff barriers and increased quota system ...Download file to see next pagesRead More
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