Business Regulation Paper

Feb 3rd, 2012
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Research, identify and discuss the advantages and disadvantages of business regulations.

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Business RegulationsNameClassDateProfessorBusiness Regulations Business regulations in the United States are designed to keep businesses running smoothly and to ensure each business functions under the same regulations and rules. While strict rules and regulations can make it more difficult to conduct business these regulations provide a standardized approach to any given situation which results in a more uniform response. Business regulations are established by the government to ensure fairness in trade and business practices. While a true free market will not have any business regulations this is not feasible if there is to be a strong economy. Business regulations protect consumers, the environment, and the business and to look out for the best interest of society as a whole. In its purest form, a free market economy is when the allocation of resources is determined by supply and demand, without any government intervention (Seabury, 2010). The problem is without business regulations there would not be proper control of the competitive environment and only the very fittest would survive with the little guy being made obsolete. Without regulation businesses would monopolize industries making competition unfair and impractical for the small business. When businesses are not regulated the wealth is not evenly distributed making sure some people in society will never be afforded the opportunity to succeed. In order for the econo

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