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Advantages and Disadvantages of Business Regulations

Identify and discuss the advantages and disadvantages of business regulations.

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The main advantage of business regulations is that it keeps a check on the operations of the business. In other words, it ensures that businesses follow a certain code of conduct and adhere to fair business practices. For example, regulations prevent businesses from engaging in unfair or fraudulent practices such as bribery. Regulations provide a code of conduct or framework for various decision making in the day-to-day working of the business. ...