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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
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The extent to which global economies are currently converging is driven by national and international banking regulations and the General Agreement on Trade in Services (GATS), constituted the first global trade agreement that covered services.
The United States Constitution is the foundation stone of freedom in America which unites the government to the philosophical ideals made clear in The Declaration of Independence (Natelson, 2009). The United States is considered as one of the most successful leader of human freedom and prosperity around the world (Natelson, 2009).
The paper delves into different perspectives of regulation of complex financial institutes. One perspective is that intelligent and astute individuals oversee financial regulation, that they are dealing with complex matters, and that enforcement targeted against major financial institutions necessarily is challenging because of the ambiguities of the underlying issues and the high standards of proof required in legal proceedings.
Although some drugs are meant to cure illnesses, when taken in overdose, these result in negative effects. Similarly, other drugs, which are illegal, such as marijuana, are harmful to human health. Tobacco is equally harmful, although it is not a drug in itself, but rather, a carrier of nicotine, which is highly addictive.
United States v. Lopez
There are many reasons attributed to students who carry handguns in school. Since individual risk factors play a big role, therefore many students carry handguns for self-protection. Racism and gender also are contributing factors, as it has been seen that black students are more likely to carry weapons in schools than white students, and boys are more inclined to possess firearms compared to girls.
On recommendation of revision of 1906 Act, Congress passed the Federal Food, Drug and Cosmetic Act of 1938 (FD&C Act), Which authorized regulation of many different types of commercial speech that were previously outside the FDA's regulatory control and other requirements like labeling and many more.
ndation of revision of 1906 Act, Congress passed the Federal Food, Drug and Cosmetic Act of 1938 (FD&C Act), Which authorized regulation of many different types of commercial speech that were previously outside the FDA’s regulatory control and other requirements like labeling