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Pros and Cons of Government Safety Regulations - Essay Example

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An author of the essay "Pros and Cons of Government Safety Regulations" outlines that safety regulations set by governments are fundamental to limit the extent to which a business operates in a manner that violates various codes of conduct in the society…
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Pros and Cons of Government Safety Regulations
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"Pros and Cons of Government Safety Regulations"

Download file to see previous pages Governments set strict rules for companies that run businesses involving the emission of toxic chemicals that may cause pollution or pose threats to humans and natural resources. An example is the regulations and standards set by EPA (2015) on carbon emissions. Regulations that limit the levels of wastes or emission serve to protect people from infections or depletion of other ecosystems. Second, safety regulations in business services limit the movement of goods in the market to prevent possible harm to consumers. Safety regulations serve to ensure uncertified products do not get to the market. In the health sector, safety regulations ensure only qualified practitioners provide services. Furthermore, safety regulations ensure that medications supplied to consumers are in the best conditions to attend to the condition. In essence, safety regulations serve the interest of consumers. Although they are essential, safety regulations also have varied challenges. Among the notable disadvantages is the interference with the optimization of goods. Safety regulations are disadvantageous because they cause high prices of goods. The supply of goods and services is highly likely to be subject to interference under safety regulations. There are possible cases of shortages of goods and services that are subject to government safety regulations. That, consequently, causes an increase in the price of goods and services.  ...Download file to see next pagesRead More
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