Peick601
Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

What role does government regulation serve in business?

Sagot :

Gibbs
Government regulation plays a role in business in protecting consumers, preventing actions taken by businesses that will hurt the overall economy, and also in regulating the financial industries sector to prevent major economic turmoil. Periods of unregulated economic activity have been mired by large booms and busts, so governments have attempted to intervene to regulate economies in order to prevent these damaging cycles to economies. 
holesstanham

There are many reasons why government regulation is important in business. Government regulations contribute to protecting employees' rights, protecting the environment and holding businesses and corporations accountable for their actions. Government regulations also protect consumers by ensuring the quality and fairness of a product. Finally, government regulations protect businesses themselves by regulating unfair practices such as monopolies.

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.